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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.
2 Jan 2020 1 minute read 2 comments moon333
World's 10th largest cryptocurrency Stellar (XLM) has formed bullish Crab pattern and entered in potential reversal zone and ready for bullish reversal soon. This potential reversal zone should be used as stop loss in case of complete candle stick cl...
2 Jan 2020 5 minute read 0 comments congtubac
(Updated) The Stellar platform has witnessed a lot of attention as of late, and in the midst of a down market has held strong in its ratio against Bitcoin. One reason for the excitement behind Stellar are the projects being created that are using its...
27 Dec 2019 2 minute read 3 comments the01crow
The blockchain or token based platforms are interesting because of the dynamics and the idea behind this type of platforms, some are made to reward the content, and have different ways to make that assessment, some take advantage of the Pos, and...
27 Dec 2019 2 minute read 2 comments andreaskanel
Imagine a world where users would transfer Bitcoin from their e-mail, as each e-mail address would be linked to an online portfolio. The Coinbase plan and the "drawbacks". One major problem responsible for the spread and adoption of Bitcoin is...
20 Dec 2019 1 minute read 5 comments Kiviburger
COULD THE STELLAR (XLM) DECLINE BE DUE TO THESE SALES? 9 billion XLM were issued from wallets belonging to the stellar team, while 30 million USDT and 13 million USDC were printed. During the evening, there was a large amount of XLM outflows from...
19 Dec 2019 5 minute read 9 comments cryptomagis
Following a steady rise in adoption & usage, Stellar (with its currency lumens) has been noted by many as 'one to watch' in the world of cryptocurrencies. Unlike many other 'crypto' systems, this has been designed by a very influential group, includi...
18 Dec 2019 2 minute read 2 comments DoRi
Image source When we talk about the value of Bitcoin and we look at the price on the stock market, we are actually incomplete. We would have to talk about the market value of Bitcoin. In addition to this market value, there is also another valuation,...
18 Dec 2019 1 minute read 2 comments Kiviburger
TWO BIG DIGITAL CURRENCIES HAVE BEEN FEARED, AND THERE HAVE BEEN HUGE DECLINES. The XRP, one of the biggest digital currencies, eventually fell well below the $ 0.20 it had maintained for more than two years. The price was $ 0.17 on some exchanges.T...
15 Dec 2019 1 minute read 6 comments DimitarM
So, like 2 weeks ago I wrote a short article about Keybase's Giveaway for few hundreds of millions of XLM. The Article was restricted by Publish0x as low value content and did not show in "New articles" or in "Crypto" section. Basically no one was ab...
8 Dec 2019 3 minute read 3 comments ChangeNOW
In times when we rarely use ordinary wallets and can even afford to forget them at home – soon new e-wallets are going to replace them. How good is Samsung Galaxy Stellar wallet, how to check Stellar wallet balance or where you can download it? Lu...
