Stellar (XLM)

Stellar is an open-source protocol for value exchange founded in early 2014 by Jed McCaleb (creator of Ripple and eDonkey) and Joyce Kim, supported by a nonprofit, the Stellar Development Foundation. Being a completely decentralized consensus platform, Stellar, in simple words, is an open-source protocol for exchanging money, which connects people, payment systems, and banks, allowing to not only buy and sell currencies in a foreign exchange, but also to convert currencies seamlessly during transactions.

The network consists of peers that run independently of each other, meaning that Stellar does not depend on any single entity, any of which, by the way, can run a Stellar server. The idea is to have as many independent servers in the network as possible, so that it will run successfully even in case some of servers fail. The consensus process happens at a regular interval of every 2 to 4 seconds.

Like any traditional ledger, Stellar’s one records all the balances and transactions of every single account on the network. A complete copy of the global Stellar ledger is hosted on each server running correspondent software.

Stellar network’s native asset is Lumen. The standard token contributes to the ability to move money around the world and to conduct transactions between different currencies quickly and securely.

Stellar boasts quite a starry board’s and advisory board’s crew, which include Keith Rabois, Patrick Collison, Matt Mullenweg, Greg Stein, Joi Ito, Sam Altman, Naval Ravikant and others.

Altcoins Price Analysis, Jan 17: Bitcoin Cash, Ethereum, NEM, NEO, Stellar
January 17th, 2018

Here’s the price analysis of some of the most popular altcoins: Bitcoin Cash, Ethereum, NEM, NEO, Stellar.

Cryptocurrency and ICO Market Overview for 2017
January 4th, 2018

Coinspeaker partnered with ICOBox to provide our readers with the overview of cryptocurrency and ICO markets in the year 2017.

Stellar (XLM) is One of the Most Promising Cryptocurrencies of 2018
January 3rd, 2018

Stellar Lumens (XLM) gains popularity since the start of the year with the price reached the new all-time high of $0.9185 some hours ago.

Crypto Market Capitalization Surpasses $700B, Bitcoin Dominance Drops to Record Low
January 3rd, 2018

Cryptocurrency market valuations create a new record as altcoins take up the charge. Bitcoin’s contribution drops to record low.

Sorry Vitalik but Kik’s Cryptocurrency Moves from Ethereum to Stellar in 2018
December 15th, 2017

Popular messaging app Kik is moving its Kin tokens from the Ethereum network to the Stellar network sighting issues with speed, reliability and costs.

IBM, KlickEx and Stellar Join Hands to Simplify Cross-Border Cryptocurrency Payments
October 16th, 2017

Software giant IBM, regional financial services company KlickEx Group, and Stellar, a non-profit organisation that supports an open source blockchain network, have unveiled a new regional cross-border payments solution using IBM’s blockchain technology.

LeEco’s LeFinance Partners with Stellar to Improve Efficiency for Billions
December 7th, 2016

LeFinance shares its international ambitions saying that cross-border payments is just what is needed now to increase global influence.

Ripple and Stellar: Two Jed McCaleb’s Creations Struggling against Bitcoin
February 7th, 2015

A great fight between two bitcoin 2.0 contenders created by Jed McCaleb “grips the crypto world.” Who’s going to win?

Jed McCaleb, Mt. Gox and Ripple Founder, Unveils Project ‘Stellar’
July 31st, 2014

The founder of Mt. Gox and Ripple Labs, Jed McCaleb, launched his new project Stellar that will encourage further digital money adoption.