What is Stellar (XLM)?
Stellar Lumens (XLM) is the native cryptocurrency of the Stellar network, and this network offers real-time, peer to peer, decentralised fund transaction, especially aimed towards international transfer and micropayments. One lumen is a unit of digital currency, like a bitcoin.
Stellar (XLM): History
In 2014 the Stellar network launched with 100 billion stellar, the original name of the network’s natural asset. Stellar is an open-source protocol for value exchange founded in early 2014 by Jed McCaleb and Joyce Kim. Many companies have adopted Stellar network in India, Philippines and West Africa. Praekelt Foundation and Oradian are two prominent organisations using the Stellar network.Initially, it was built on Ripple protocol but seeing a fault in the protocol; they have moved to a completely written from scratch code.
How Stellar (XLM) Work?
Stellar works is another cryptocurrency like others. The user can start a transaction with two information, the wallet address of the receiver and the amount to be transferred. The information is processed by the ledgers (miners) of the network who validate the transaction. The amount will be reduced from the sender’s account and added to the receiver’s account.
Stellar also offers an integrated distributed exchange for inter-currency conversions. Thus, the sender can send in any currency and Stellar will convert the amount to the desired currency while crediting the receiver.
How to Buy Stellar?
Lumens (XLM) is the name of the cryptocurrency token, while Stellar is the name of the network as a whole, and it’s a cryptocurrency with a difference. The first Stellar wallet is Centaurus, and it is available for Android and iOS. It was designed explicitly for Stellar and integrates well with it. There are other wallets functions to Lumens. Although Stellar Lumens is currently one of the most popular cryptocurrencies, not many exchanges allow the purchase of XLM. Binance, Poloniex, Bittrex, Kraken etc… are the exchanges which help to buy Stellar Lumens (XLM).
Stellar (XLM) Price Prediction 2018
The hottest digital coin as 2018 kicks off is stellar, which has climbed more than 65 percent since Friday into the ten largest cryptocurrencies by market capitalisation.By Tuesday, stellar had a market cap of $10 billion as the eighth-largest digital currency, according to CoinMarketCap. The digital coin traded 17.5 percent higher on the day near 56.4 cents, the website showed.
The stellar lumens price today is $0.731934. It has marked the market cap values as $13,084,960,772 and a volume of $840,607,000. Stellar’s coins are officially called lumens, or XLM. Stellar Lumens price, Stellar Lumens news, Stellar Lumens exchanges, Stellar Lumens wallets, how to buy Stellar Lumens, how do Stellar Lumens work?