What Makes Stellar (XLM) Unique?

Stellar offers plentiful benefits, making it a highly attractive platform for various use cases.

The network stands out for its exceptional speed, with transactions being confirmed within a mere 5 seconds on average.

Stellar's energy-efficient design sets it apart, as research indicates that its carbon footprint is equivalent to the greenhouse gas emissions produced by only 33.7 US homes' electricity consumption in a year.

The network boasts impressive scalability, capable of processing up to 1000 transactions per second and handling volumes comparable to SWIFT. Notably, since its inception in 2015, Stellar has successfully executed over 13 billion operations.

Developers find the platform highly accessible and cost-effective, with transaction costs averaging a mere fraction of a US penny, equating to approximately .000002 XLM.

What You Can Do on the Stellar Network?

• Create and customize tokens representing various forms of value, including currencies and assets, to simplify cross-border payments and meet specific needs.

• Engage in direct and decentralized exchange of tokens without intermediaries or custodians, ensuring seamless trade between buyers and sellers.

• Easily convert currencies during transactions, leveraging the Stellar network's decentralized exchange or automated market makers for swift and secure transfers.

The target audience of Stellar Lumens (XLM) is diverse and includes individuals, businesses, and organizations looking for a fast, low-cost, and secure way to make cross-border transactions or issue digital assets. Stellar's primary emphasis is on growing economies via remittances and bank loans to people who do not have direct access to banking services.

Additionally, developers and entrepreneurs interested in building decentralized applications and financial services on the Stellar ledger are also part of the target audience. Stellar aims to connect the world's financial system, enabling businesses and developers to take advantage of the network's fast speeds, low transaction costs, and interoperability.

Also, the Stellar blockchain does support smart contracts. However, it differs from other blockchains, like Ethereum, in terms of smart contract functionality. Stellar uses a simpler and more focused approach to the smart contract creation, referred to as "Stellar smart contracts" or "smart contracts on Stellar." These contracts are programmed using Stellar's native programming language, called Stellar Consensus Protocol (SCP).

While Stellar’s smart contract platform may be more limited compared to technologies like Ethereum, it still enables a range of functionalities, such as multi-signature transactions and time-based triggers.

Stellar Lumens (XLM)

The Stellar platform is a blockchain network that supports the digital representation of various currencies and has its own native digital currency, called Lumens. Lumens, also known as XLM, play a crucial role in the network and are required to pay transaction fees and perform several other vital functions.

The Stellar payment system leverages Lumens to facilitate transactions and meet network requirements. Each Stellar account is required to hold a small number of Lumens at all times. This requirement serves as a deterrent against spam, nonsense, or arbitrary use of the ledger system. In other words, Lumens act as a friction mechanism to discourage bad or frivolous actors from misusing the network.

Its native token Lumens (XLM) is used as an intermediary between different fiat currencies. For example, the protocol can convert deposits into XLM, then convert XLM into the requested currency.

To participate in the Stellar network, users need to have a minimum balance of 1 XLM in their account. Additionally, a minimum per-transaction fee of 0.00001 XLM is charged. These fees ensure that participants have a stake in the network and prevent the creation of countless empty accounts. By requiring a minimum balance and transaction fee, Stellar ensures that participants have a vested interest in the network's health and integrity.

Currently, there are over 7.5 million Stellar accounts, with each account using Lumens for the minimum balance and transaction fees. Lumens act as a medium of exchange, allowing people to move money between different currencies and facilitating efficient transactions on the Stellar blockchain.

When the Stellar network was launched, the initial supply of Lumens was set at 100 billion. In order to encourage the adoption and use of the native token, the supply was increased with an annual inflation rate of 1% for the first few years. However, in October 2019, the community voted to discontinue the inflation mechanism for Lumen supply.

As of now, the total supply of Lumens is approximately 50 billion, with about 20 billion making up the circulating supply available in the open market. The Stellar Development Foundation holds around 30 billion Lumens for network development and growth. This ensures that there are enough Lumens to meet the demands of the network while also allowing for controlled distribution and support for network improvements.

To buy XLM (Lumens) and store the crypto, users can utilize various cryptocurrency exchanges that support Stellar, such as Changelly. These exchanges enable users to trade fiat currency or other digital currencies for Lumens (XLM).

coinflip lets you buy Stellar using a credit card, debit card, and an array of other traditional payment methods for instant and secure investments in XLM tokens and other crypto assets. You can also use crypto assets like Bitcoin Cash or Binance Coin to trade for Stellar coins through our cryptocurrency exchange. You can use our currency converter to see the real-time exchange rates and quickly convert your desired amount of fiat currency into Stellar or any other supported crypto asset.

Once purchased, Stellar's cryptocurrency can be stored in a digital wallet that is compatible with the Stellar network, including the official Stellar Wallet or other third-party wallets like Ledger Nano S, Trezor, or Lobstr.

Stellar Price Today

The Stellar Lumen (XLM) price chart provided by coinflip reflects the historical and current price of XLM over a selected time period. This Stellar price chart offers our customers valuable insights into the market trends and price movements of the XLM coin in real time, enabling them to make informed decisions regarding buying or selling this cryptocurrency.

By studying the live price chart on our crypto exchange, users can identify patterns, spot potential XLMs price trends, and plan their trading strategies accordingly. This helps users stay updated on the market conditions and make more accurate predictions, enhancing their ability to maximize profits and minimize risks when buying, selling or trading XLM.

When you want to buy Stellar Lumen (XLM) or any other digital asset, it is vital to consider different metrics related to it, such as its 24-hour trading volume, current market capitalization, current supply, total supply, and XLM price history.

By analyzing the 24-hour trading volume, you can gauge the level of activity and interest in XLM.

Current market capitalization (market cap) helps assess the overall value and ranking of the Stellar Coin among other cryptocurrencies. Similar to the stock market, the market capitalization of a cryptocurrency like Stellar, is calculated by multiplying its current average price by the total number of coins in circulation.

Understanding both the current supply and total supply of the XLM cryptocurrency is crucial for evaluating scarcity and potential inflation.

Finally, examining XLM's price history can reveal patterns, trends, and potential price movements that may impact your buying decision.

Stellar Lumens price prediction for the years to come is also available on Changelly, offering insights and projections for the cryptocurrency. But our XLM price prediction is not guaranteed, as the crypto market is highly volatile.

The all-time high of Stellar Lumens is $0.94, which is the highest price paid for Stellar Lumens since its launch. The Stellar price today is remarkably lower, reflecting a notable price change from its peak and the overall volatility of the crypto market.

How Did Stellar (XLM) Start?

Stellar (XLM) is a blockchain-based platform that aims to facilitate fast and low-cost cross-border transactions and provide financial services to the unbanked population around the world. It was created in 2014 by Jed McCaleb, co-founder of Mt. Gox and Ripple, and former lawyer Joyce Kim. Soon after, Stripe's CEO Patrick Collison collaborated with McCaleb and Kim to create the Stellar Development Foundation (SDF), a non-profit institution that supports the development of Stellar.

From its inception, the Stellar payment network has formed numerous collaborations and partnerships to further its mission. Notably, Stellar and IBM announced a partnership in 2017 to explore the use of Stellar's blockchain technology in cross-border transfer solutions. This collaboration led to the creation of IBM World Wire, a global payments network built on the Stellar blockchain. IBM World Wire enables financial institutions to simplify and expedite sending and receiving cross-border transfers.

Additionally, Stellar has collaborated with various financial firms, remittance companies, and technology companies worldwide. Some prominent partnerships include Deloitte, Shift Network, Wirex, ICICI Bank, Tempo Money Transfer, and many others. These collaborations demonstrate the platform's efforts to foster adoption and expand its ecosystem to offer streamlined financial services globally.

Stellar's focus on inclusion and financial accessibility makes it an attractive blockchain platform for both developers and enterprises seeking to engage in efficient and cost-effective cross-border transactions while addressing the needs of underserved communities.

How Does Stellar Work?

Stellar is an open network that allows everyone to send money and store value globally, avoiding high fees and slow procedures. Stellar Lumens (XLM) operates on a decentralized blockchain network designed to facilitate fast and secure transactions. Here's how Stellar works:

Stellar Consensus Protocol

Stellar uses a unique consensus protocol called the Stellar Consensus Protocol (SCP). Instead of relying on traditional mining or a single entity, SCP relies on a group of trustworthy nodes known as validators to reach consensus on the state of the whole network.

Issuance of Stellar Assets

Users can issue their own digital assets, called tokens, on the Stellar blockchain. These tokens represent various assets, like currencies, commodities, or even stocks.

Trustlines

Trustlines are used to establish trust between individuals or financial entities on the Stellar network. By setting up a trustline, two parties can transact with each other using specific assets, such as allowing someone to hold and transact with your digital token.

Anchors

Anchors are trusted entities that act as bridges between the Stellar blockchain and traditional financial systems, like banks or payment processors. They facilitate the movement of traditional assets onto the Stellar network, allowing users to transact with them as tokens.

Stellar Decentralized Exchange (DEX)

The DEX enables users to trade Stellar assets directly on the blockchain. It matches buy and sell orders without relying on a centralized intermediary, offering fast and low-cost transactions.

Cross-Border Payments

Stellar's primary focus is facilitating efficient and affordable cross-border payments. It achieves this by enabling users to convert other assets into Stellar Lumens (XLM) and then transferring them to other participants across borders. The Lumens are quickly exchanged into the recipient's desired currency, minimizing transaction costs and settlement times.