Stellar Lumens (XLM)

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Stellar Lumens (XLM) is a cryptocurrency made by Jed McCaleb and the Stellar Foundation in 2014. Stellar is often described as an open-source, distributed and community owned network used to facilitate cross-asset transfer. Its goal is to create universal access and participation in the global economy. The Stellar exchange has created functions that allow users to transfer crypto into fiat and vice-versa through the help of stablecoins

The inception of Stellar comes after McCaleb left Ripple, a company he founded, due to disagreements in the direction the network should head toward. After leaving Ripple, McCaleb went on to create the Stellar Foundation, which in turn created the Stellar network. 

XLM is the token behind the Stellar network and is often referred to as Lumens. It is often said that Ripple is a fork of Stellar but this is not entirely true Although Stellar may have started its groundwork from the Ripple code, the two codebases are now completely different. For example, Stellar uses a completely different consensus mechanism to Ripple. The key difference between the two is that Stellar is targeted towards helping individuals whereas Ripple intends to help banks. 

XLM operates on the Stellar Consensus Protocol which is basically a network of peers that are capable of running the Stellar Consensus Protocol independently. This method of operation, although not as decentralized as traditional Proof-Of-Work protocols, allows for a high degree of efficiency as it allows transactions to occur through a consensus process among accounts in a quorum slice (meaning only a slice of the network needs consensus for the transaction to occur).

In this tag you can discover Stellar Lumens (XLM) news, price prediction, opinion and analysis created by users.

"Most tokens store value, SHx creates it." First governance vote on it's 5th birthday!

1 Dec 2023 1 minute read 0 comments babesugarbunny

SHx turns 5 years old and celebrates with it's first governance vote! The vote is regarding:1.) Should a portion of the MCA origination fee paid to capital providers be burned? 2.) What proportion of the MCA origination fee should be burned?So what...

3 coins under US$1, which you must have.

26 Nov 2023 1 minute read 0 comments Kenzoo

If we see a coin with a price above US$100, it feels tantalizing to have it. Especially the class of Bitcoin, Ethereum, Bitcoin Cash or BNB. But if accumulated wisdom chases the word luck when bullrun time comes it doesn't seem to provide much of a b...

Elon Musk's SpaceX secret project with Stellar Lumens

21 Nov 2023 1 minute read 0 comments LeftFooted

Stellar Lumens (XLM) is an OG in the crypto world. It's been around for nearly ten years now and it is known for being an open-source, decentralised and anonymous way to transact. It is run by a guy named Jed McCaleb, who also founded a space compan...

Top 3 Altcoins I'm Excited About Right Now

17 Nov 2023 1 minute read 3 comments LocoSocioCrypto

While Bitcoin and Ethereum hold a very strong lead as the first and second cryptocurrencies by market cap, I thought I would switch it up and instead write about a few other altcoins that I am excited about for this bull run. All prices are listed in...


8 Nov 2023 1 minute read 0 comments Ishfaq_Khan

HSBC who's been working with Ripple for some time, one of the biggest banks in the world, 3 trillion in assets right to launch digital asset custody services for institutional clients.HSBC will launch digital asset custody with Ripple owned firm.HSBC...

Spot Plus: Revolutionizing Cryptocurrency Trading with AI-Powered Strategies

25 Oct 2023 3 minute read 1 comment thefreethinkeer

Website | Whitepaper | Telegram | GitHub | Twitter | Facebook | Instagram | YouTube The world of cryptocurrency trading is an ever-evolving landscape, where staying ahead of the curve can mean the difference between success and missed opportunities....

End of Q3 2023 Thunderboltkid Crypto Watch list Progress Report & Next Moves..,

7 Oct 2023 4 minute read 1 comment Thunderboltkid

This is a short note to self, derived from an early comment I made today on my Big Upside List posted in Dec 2022 as my beginning of 2023  prediction post To let myself and  you readers know how I did.., please reference the above post as a baseline....

What are the best crypto coins to pay for stuff online?

2 Oct 2023 5 minute read 0 comments elena_did

  Have you ever made an online payment? Do you have an online store? I am sure that at least once in your life you paid with a card for something let’s say cheap. What you observed over time are of course the commissions banks impose, especially in t...

Ripple vs. Stellar - Which one is better?

22 Aug 2023 1 minute read 2 comments Sasha Poet

Ripple and Stellar are blockchain-based networks that promise faster and cheaper cross-border payments. Both projects have significant differences.   Ripple is a fully centralized network, with Ripple Labs, which built the platform, owning the majori...

XRP had the spotlight when Stellar pumped

21 Aug 2023 1 minute read 0 comments babesugarbunny

The SEC's battle against Ripple (XRP) saw a temporary resolution on July 13, mostly favoring XRP. This led to a notable 100% surge in the price of XRP. However, the situation has now shifted when the US Securities and Exchange Commission (SEC...