XLM

XLM

Stellar Lumens
$0.069120
+1.07%
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  • Market Cap
    $1,357,250,124
  • 24h Vol (Global)
    ฿1,338 ($13,794,327)
  • Circulating Supply
    19,636,141,840
  • Issue Date
    2014-08-01
  • Issue Price
    -
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Max SupplyCirculating SupplyIssue DateIssue PriceConsensus ProtocolExplorer
-19,636,141,8402014-08-01-Stellar Consensus Protocol1
dashboard.stellar.org
2
stellar.expert
3
steexp.com
Total SupplyCryptographic AlgorithmSource CodeWhite PaperWebsiteType
19,636,141,841-https://github.com/stellarhttps://www.stellar.orgCOIN

Stellar is an open-source, distributed payments infrastructure. It is a leapfrog technology that connects people, payment systems, and banks with a focus on the developing world. It lets you facilitate multi-currency and asset transactions quickly, reliably, and for a fraction of a penny by using a crypto-asset called Lumens (XLM) as a bridge. Stellar's basic operation is similar to that of most decentralized payment technologies. It runs a network of decentralized servers with a distributed ledger that is updated every 2 to 5 seconds among all nodes. The most prominent distinguishing factor between Stellar and bitcoin is its consensus protocol. Stellar’s consensus protocol does not rely on the entire miner network to approve transactions. Instead, it uses the Federated Byzantine Agreement (FBA) algorithm, which enables faster processing of transactions. This is because it uses quorum slices (or a portion of the network) to approve and validate a transaction. Each node in the Stellar network chooses another set of “trustworthy” nodes. Once a transaction is approved by all nodes within this set, then it is considered approved. The shortened process has made Stellar's network extremely fast and it is said to process as many as 1,000 network operations per second.

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.

    More
    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

    More
    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

Stellar is an open-source, distributed payments infrastructure. It is a leapfrog technology that connects people, payment systems, and banks with a focus on the developing world. It lets you facilitate multi-currency and asset transactions quickly, reliably, and for a fraction of a penny by using a crypto-asset called Lumens (XLM) as a bridge. Stellar's basic operation is similar to that of most decentralized payment technologies. It runs a network of decentralized servers with a distributed ledger that is updated every 2 to 5 seconds among all nodes. The most prominent distinguishing factor between Stellar and bitcoin is its consensus protocol. Stellar’s consensus protocol does not rely on the entire miner network to approve transactions. Instead, it uses the Federated Byzantine Agreement (FBA) algorithm, which enables faster processing of transactions. This is because it uses quorum slices (or a portion of the network) to approve and validate a transaction. Each node in the Stellar network chooses another set of “trustworthy” nodes. Once a transaction is approved by all nodes within this set, then it is considered approved. The shortened process has made Stellar's network extremely fast and it is said to process as many as 1,000 network operations per second.

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