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.


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A Comparison: Stellar vs. Ripple

19 Sep 2019 5 minute read MintDice $2.29 tipped

Stellar Lumens and Ripple are two cryptocurrencies that are constantly compared as they were both created by the same person: Jed McCaleb. As so, there are quite a few obvious similarities. Firstly, both digital coins seem to be very similar in funct...

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19 Sep 2019 2 minute read Cryptolohy $2.67 tipped

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18 Sep 2019 1 minute read Cryptoram $0.32 tipped

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17 Sep 2019 5 minute read goldenforex $0.24 tipped

Tron takes a Steep Upward Movement; TRX Price Hovers Around $0.016       Tron has been enduring long enough in the crypto showcase. The money attempted to improve, yet every time it attempts to move, there comes a pullback. The aftereffect of the eq...

What is Stellar (XLM)? [A Comprehensive Guide to Understanding Stellar]

15 Sep 2019 7 minute read Mr.CryptoWiki $5.82 tipped

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Zelle founder Join as CEO of stellar based startup

15 Sep 2019 1 minute read CryptoArgha $0.05 tipped

Stellar is a top and famous Crypto currency known from its banking and overseas payment features Recently the startup payment network zelle founder joined stellar based startup banking project as a CEO The partnership and employee exchange happened...

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12 Sep 2019 3 minute read Cryptoram $0.21 tipped

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