What is Stellar?
Stellar is a decentralized blockchain network designed for fast, low-cost cross-border payments using its native cryptocurrency, XLM. Stellar is an open-source, decentralized payments network that uses blockchain technology to allow users to transfer funds quickly and at a very low cost. The payments network does not require a central authority to operate.
Stellar goals
The purpose of Stellar is to facilitate fast and cheap transactions between entities around the world, verified and settled by a decentralized network of nodes. Stellar wants to make financial services easily available to everyone, especially in developing markets. The project aims to solve the problem of costly and slow cross-border transactions by providing a low-cost and efficient solution.
Stellar fondamentals
The native crypto token of Stellar, XLM, is classified as both a payment cryptocurrency and an infrastructure token. The token distribution plan is not specified, but the token serves as a bridge currency and protects against network abuse.
Marketcap
$14.99B
Total number of Stellar
50001786900 XLM
Stellar technology
Stellar's technology uses blockchain technology to allow users to transfer funds quickly and at a very low cost. The payments network does not require a central authority to operate and is supported by a decentralized network of nodes.
Stellar competitors
Stellar differentiates itself from competitors by offering low transaction costs and high performance. Its competitive advantages include its ability to facilitate fast and cheap transactions, as well as its open-source and decentralized nature. Compared to competitors, Stellar is ideal for asset tokenization and is trusted by global financial institutions.
Stellar price history
Frequently asked questions
The native cryptocurrency of Stellar is XLM, also known as Lumen.
XLM serves as a bridge currency and protects against network abuse.
Yes, Stellar is an open-source, decentralized payments network.
The main goal of Stellar is to facilitate fast and cheap transactions between entities around the world.
Yes, Stellar is ideal for asset tokenization and is trusted by global financial institutions.
XLM is classified as both a payment cryptocurrency and an infrastructure token.
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