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.


What is happening with Stellar Lumens (XLM)?

9 Nov 2019 3 minute read raven $0.62 tipped

In my last post I made a very optimistic prediction for XLM future prices. I hope you guys followed the "this is not financial advice" part, because so far this has been a bad trade. I bought some XLM after the big spike (when SDF announced they burn...

Was Stellar (XLM) Burning Half of the Supply a Right Action?

7 Nov 2019 1 minute read Yasin $0.30 tipped

The Stellar team took a big step a few days ago and burned 50 percent of the total XLM supply. The fact that half of the XLM supply was burned received strong reactions from some crypto currency followers. These include LTC founder Charlie Lee and @W...

Stellar XLM burns $ 4.7 billion token

7 Nov 2019 1 minute read Ulu_Olcayto $0.09 tipped

The Stellar Development Foundation (SDF) announced that it has burned 55 billion Stellar Lumens (XLM) tokens for the development of its network. Total value is 4.7 billion dollars The Stellar Development Foundation (SDF) announced that it has burned...

Stellar destroyed 55 Billion of the Total Supply and price jumped 16%.

6 Nov 2019 1 minute read alberdioni8406 $0.17 tipped

​burn flames free image from Pixabay Here.​​​ The Stellar Foundation destroyed 55 Billion of the total supply and the price jump in about 16% after the burning. That was a massive burn of tokens that was destinated to Airdrops,rewards and Partnership...

Ron Paul Promotes Bitcoin

6 Nov 2019 1 minute read kingscrown $0.21 tipped

Ron Paul is a politican but if we read more, hes way more than this. He is articles author, physician, and retired politician who served as the U.S. Representative for Texas's 22nd congressional district from 1976 to 1977 and again from 1979 to 1985,...

Will XLM see a 100% price increase?

5 Nov 2019 2 minute read raven $1.34 tipped

Probably most of you is already aware of the biggest crypto news of yesterday: the Stellar Development Foundation (SDF) burned 55 billion XLM tokens out of its reserves! With this move, the total supply just fell from 105 billion to 50 billion XLM. T...

Massive XLM Pump.. But dont jump the trigger

5 Nov 2019 1 minute read kingscrown $0.26 tipped

Yes the pump just happened and its crazy volume and price wise. I mean its literally now but had to trade this a bit, still as often wanna be first to post here the news. Binance Market Announcements about news and the burn - partial. You can see t...

CRYPTO EVENTS - REPORT 1

1 Nov 2019 1 minute read Cryptoray $0.07 tipped

UPCOMING CRYPTO-EVENTS - REPORT 1   Stellar Meridian Conf. (04 November 2019) The official intro: "Meridian is the first Stellar conference. It will bring together everyone in the Stellar universe, alongside major financial institutions and industr...

New project Bitzon coin.

1 Nov 2019 1 minute read kripto sedat $0.08 tipped

  Bitzon | Community OverviewWhat is Bitzon ? Ans - Bitzon is a multi-sided, multi-currency platform built with the goal of changing the way online shoppers & sellers move money. This group is designed for supporters to discuss our project and associ...

Comprehensive Guide to Help You Understand Stellar Lumen

25 Oct 2019 2 minute read Richard M Adrian $0.90 tipped

Stellar lumen is a currency that was developed by the stellar development foundation. Stellar is a distributed ledger that is capable of connecting people and financial institutions around the globe. Stellar is built on the basis of the blockchain te...