XLM

XLM

Stellar Lumens
$0.062630
+0.98%
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  • Market Cap
    $1,254,785,732
  • 24h Vol (Global)
    ฿1,464 ($11,604,505)
  • Circulating Supply
    20,034,899,125
  • Issue Date
    2014-08-01
  • Issue Price
    -
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Max SupplyCirculating SupplyIssue DateIssue PriceConsensus ProtocolExplorer
-20,034,899,1252014-08-01-Stellar Consensus Protocol1
dashboard.stellar.org
2
stellar.expert
3
steexp.com
Total SupplyCryptographic AlgorithmSource CodeWhite PaperWebsiteType
20,034,899,126-https://github.com/stellarhttps://www.stellar.orgCOIN

General Data and Information Launched in 2014 by Jed McCaleb (formerly of Ripple) and David Mazieres, Stellar is a decentralized open-source network for the exchange of over 500+ assets (including tokens and fiat) via the Stellar Consensus Protocol. As the global remittance market was worth nearly 600 billion US dollars in 2016 (with small cross border transactions attracting comparatively high fees and slow service), easing the friction on these remittance payments would help Stellar capture a significant share of this underserved and antiquated market. In the Stellar network, users make payments (in any acceptable currency, fiat, gold, XLM) with other users, with the debts between trusted users being recorded on the decentralized ledger. When the payments are finalized the balance of the users are recorded upon the ledger. When two users who do NOT trust each other attempt to send assets, the network finds a path from start to end user via a network of trusted user pairs. As the payment is finalized, all balances along the trust path are settled immediately and simultaneously. In many ways, the Stellar network is very similar to the Ripple network in results for the user, however the philosophy of the networks makes for a slightly different implementation. Stellar aims for a more direct peer-to-peer communication of transfers, with entities known as anchors handling any required entry or exits into fiat currency. In contrast, Ripple aims to streamline existing banking systems. Milestones 31st July 2014 - Stellar Network launched. Non-Profit Stellar Development Foundation created to assist with development. 31st July 2014 - 3 million USD in seed funding from Stripe. August 2014 - First exchange utilising Stellar Network (Mercado Bitcoin) annouced. November 2015 - New Consensus algorithm (SCP) goes live. May 2017 - Lightyear.io (for-profit arm of Stellar, now known as Interstellar) launched. Steptember 2017 - Stellar Partnership Grant Program announces grants for development on Stellar Network. Utility Stellar Lumens (XLM) is the native currency of the Stellar blockchains and has several uses. The first use case is as a token for establishing your account, it is a minimal amount (1 XLM), to prevent network spamming. The second use case is for payments to establish trustlines from one payment node (account) to another account. Payment fees (0.00001 XLM) are another use case for the native currency, and larger users will also be required to use Stellar Lumens to be able to issue assets on the Stellar blockchain. The last use of Stellar Lumens is as a bridging currency and liquidity provider between users and chains who have no common currency to complete exchanges. As all the participants are transacting on the Stellar Network, XLM is the common currency for the blockchain. Thus, any “missing” assets required for a chain of exchanges can be substituted for the native Lumens. Significant Features Transactions are pseduo-anonymous. Funds are sent address to address, but an owner identity can eventually attributed to an address given enough data and analysis. Low energy usage and high network speed using Stellar Consensus Protocol. Total Supply uncapped. Peer to peer currency exchanges, tokens and fiat. All users are able to issue tokens on the Stellar Network. Open-source and highly decentralized. References: https://en.wikipedia.org/wiki/Stellar_(payment_network) https://www.stellar.org/papers/stellar-consensus-protocol.pdf https://www.finder.com.au/ripple-vs-stellar-lumens https://www.investopedia.com/news/what-stellar/ https://www.stellar.org/

Teams
    Zachary Freundt

    Zachary Freundt

    Community

    Zac is a digital strategist that is focused on educating and building communities. Zac previously directed content, lead strategy, and art for a large variety of different scale organizations. In his free time, Zac writes on future technology, free and open-source software, and decentralized internet.

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    Scott Fleckenstein

    Scott Fleckenstein

    Developer

    Scott has been writing code professionally since graduating from high school. Prior to Stellar, he worked as Lead Developer at Couchsurfing, Lead Engineer and Chief Architect at OpenFeint (acquired by GREE) and was Lead Engineer and on the founding team for Get Satisfaction.

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    Tom Llewellyn-Smith

    Tom Llewellyn-Smith

    Systems Architect

    Tom Llewellyn-Smith is a systems architect specialising in highly available, large scale distributed systems, configuration management and systems security. Prior to Stellar Tom designed and managed infrastructure within the gaming, science and fintech sectors.

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    Rafał Malinowski

    Rafał Malinowski

    Developer

    Rafał is a software developer with great passion for C++. In free time he works on two open source projects – Kadu and Injeqt. When the weather is right he likes to ride a bike and fly a glider.

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    Bartek Nowotarski

    Bartek Nowotarski

    Developer

    Bartek Nowotarski is a software engineer focusing on web applications security. He has a masters in computer science from Jagiellonian University. Before joining Stellar, Bartek worked as a lead developer and security consultant, and he has found vulnerabilities in high-profile sites such as Facebook and Yahoo.

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    Marta Lokhava

    Marta Lokhava

    Developer

    Marta is passionate about software, cosmology and tennis. She graduated with a degree in Computer Science from UC Berkeley, where she also helped teach Computer Architecture class. Before coming to Stellar, Marta worked on building music ingestion pipelines at Pandora Media.

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    Lisa Nestor

    Lisa Nestor

    Partnerships

    Lisa is researcher and business strategist with a passion for financial empowerment. Prior to joining Stellar Lisa was a business development volunteer with the Peace Corps (Mauritania ’07-’09), led operations and partnerships for a portfolio of research studies at the Centre for Micorfinance (India) and most recently led product marketing and growth at Payoff. Lisa holds an MBA from UCLA Anderson.

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    Lisa Kinard

    Lisa Kinard

    Operations

    Lisa is an ops and hr manager with over 15 years experience helping build great companies. She holds an MA in International Policy Studies, led art tours in Venice, made phone books in Yemen, and once mistook Clint Eastwood for a 5’4″ Belgian.

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    Johnny Goodnow

    Johnny Goodnow

    Developer Relations

    Johnny Goodnow’s focus is to create the best developer experience when building on Stellar. He’s been creating, fixing, and gluing together software and systems for the past decade in Silicon Valley, where he previously worked at Asana and Palantir. In his spare time he can be found delving into music, or bike camping in the wilderness.

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    Nicolas Barry

    Nicolas Barry

    CTO

    Nicolas is excited by turning potential technology into something practical that benefits most. He likes to tinker with software and tackle hard distributed problems.

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    Jed McCaleb

    Jed McCaleb

    Stellar Developer

    Jed McCaleb is a co-founder of Stellar Development Foundation. Previously, he created eDonkey2000 which became one of the largest file-sharing networks in its time

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    David Mazières

    David Mazières

    Chief Scientist

    David Mazières is a professor of Computer Science at Stanford University, where he leads the Secure Computer Systems Group.

    More
Introduction

General Data and Information Launched in 2014 by Jed McCaleb (formerly of Ripple) and David Mazieres, Stellar is a decentralized open-source network for the exchange of over 500+ assets (including tokens and fiat) via the Stellar Consensus Protocol. As the global remittance market was worth nearly 600 billion US dollars in 2016 (with small cross border transactions attracting comparatively high fees and slow service), easing the friction on these remittance payments would help Stellar capture a significant share of this underserved and antiquated market. In the Stellar network, users make payments (in any acceptable currency, fiat, gold, XLM) with other users, with the debts between trusted users being recorded on the decentralized ledger. When the payments are finalized the balance of the users are recorded upon the ledger. When two users who do NOT trust each other attempt to send assets, the network finds a path from start to end user via a network of trusted user pairs. As the payment is finalized, all balances along the trust path are settled immediately and simultaneously. In many ways, the Stellar network is very similar to the Ripple network in results for the user, however the philosophy of the networks makes for a slightly different implementation. Stellar aims for a more direct peer-to-peer communication of transfers, with entities known as anchors handling any required entry or exits into fiat currency. In contrast, Ripple aims to streamline existing banking systems. Milestones 31st July 2014 - Stellar Network launched. Non-Profit Stellar Development Foundation created to assist with development. 31st July 2014 - 3 million USD in seed funding from Stripe. August 2014 - First exchange utilising Stellar Network (Mercado Bitcoin) annouced. November 2015 - New Consensus algorithm (SCP) goes live. May 2017 - Lightyear.io (for-profit arm of Stellar, now known as Interstellar) launched. Steptember 2017 - Stellar Partnership Grant Program announces grants for development on Stellar Network. Utility Stellar Lumens (XLM) is the native currency of the Stellar blockchains and has several uses. The first use case is as a token for establishing your account, it is a minimal amount (1 XLM), to prevent network spamming. The second use case is for payments to establish trustlines from one payment node (account) to another account. Payment fees (0.00001 XLM) are another use case for the native currency, and larger users will also be required to use Stellar Lumens to be able to issue assets on the Stellar blockchain. The last use of Stellar Lumens is as a bridging currency and liquidity provider between users and chains who have no common currency to complete exchanges. As all the participants are transacting on the Stellar Network, XLM is the common currency for the blockchain. Thus, any “missing” assets required for a chain of exchanges can be substituted for the native Lumens. Significant Features Transactions are pseduo-anonymous. Funds are sent address to address, but an owner identity can eventually attributed to an address given enough data and analysis. Low energy usage and high network speed using Stellar Consensus Protocol. Total Supply uncapped. Peer to peer currency exchanges, tokens and fiat. All users are able to issue tokens on the Stellar Network. Open-source and highly decentralized. References: https://en.wikipedia.org/wiki/Stellar_(payment_network) https://www.stellar.org/papers/stellar-consensus-protocol.pdf https://www.finder.com.au/ripple-vs-stellar-lumens https://www.investopedia.com/news/what-stellar/ https://www.stellar.org/

Social Media
News
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2019-10-08
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Stellar Lumen (XLM) Price Sighting Upside Recovery Above $0.062 Blockchain Life 2019
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Price Analysis 30/09: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, LEO
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