Stellar – a platform that brings together banks, payment systems and individuals. Integration of the platform will help you quickly, cheaply and safely transfer money even abroad.
Current rate of the Stellar Lumen (XLM) cryptocurrency to the ruble, dollar, euro
XLM
- RUB 0.11
- USD 0.00
- EUR 0.00
Cryptocurrency Stellar Lumen (XLM) - what is it
Stellar is an open-source distributed transaction infrastructure; suitable for creating publicly available financial instruments. Using the Stellar network, developers can create mobile wallets, banking tools, smart automatic payment systems, and a host of other distributed applications.
The main advantage of the Stellar Lumen blockchain is the possibility of issuing new tokens for ICOs. By the way, writing code on Stellar is much easier than on Ethereum, since you can use any programming language rather than master a specialized one.
The main function of XLM tokens is to serve as an auxiliary means for exchanging one monetary unit for another. Operations are performed through the system interface.
What are Stellar Lumens?
So, what is the Stellar system? Stellar Lumens is a completely decentralized consensus platform that supports absolutely any type of currency (digital and fiat). The platform system is equipped with an internal decentralized exchange that can be used by any interested user.
The Stellar Lumens network consists of peer-to-peer nodes located around the world. At the same time, the “anchors” do not depend on each other, thereby ensuring complete decentralization. Synchronization occurs between them every few seconds, which ensures the consensus of the SCP network.
Initially, Stellar was conceived as a special system that would allow, using smart contract technology, to transfer finance between people and various companies as simply and very quickly as possible. That is, the XLM cryptocurrency is an excellent alternative to the current banking system, more convenient and cheaper.
Another advantage of the XLM blockchain is the ability to create new tokens that can be used to launch ICO companies. Moreover, writing code using Stellar is much simpler than Ethereum, which uses a little-known programming language. This, in turn, creates problems for many users. That is why the XLM developers took this important point into account, making it possible to create tokens using the well-known C++.
Characteristics
Indicators of the Stellar cryptocurrency as of April 3, 2019:
| Cryptocurrency | Stellar Lumen |
| Ticker | XLM or STR |
| Capitalization | 2 395 836 557 $ |
| Stellar course (04/03/2019) | 0,12 $ |
| Current issue | 19,261,660,426 XLM |
| Maximum emission | 103 966 327 161 XLM |
| Project website | https://www.stellar.org/ |
| Reviewer | https://dashboard.stellar.org/ |
| Exchanges | Binance, EXMO, BitForex, FatBTC, DCoin, BW etc. |
| Mining algorithm | — |
| Wallets | stellar.org/lumens/wallets/ |
| Transactions per second | 1000+ |
| Transaction fee | 0.00001 XLM |
| Transaction confirmation time | 3-5 sec |
| Project launch year | 2014 |
Main characteristics of the Stellar Lumen (XLM) cryptocurrency
| Name | Price | Market capitalization | Offers | Change % (7D) | |
| 1 | Stellar | $0.11 | $2,139,637,391.85 | 20223415802 XLM | +7.2% |
Online chart XLM/USD
Functional features and characteristics of XLM
The electronic currency Stellar Lumen (XLM) has the following distinctive characteristics and functionality:
- Using an altcoin to transfer, sell or buy any currencies, assets or tokens;
- Supports several thousand transactions per second;
- Transaction confirmation takes only 3-5 seconds;
- Open source code and transparent and clean API;
- Instead of a protocol for proof of work performed, it uses the SCP protocol, which significantly speeds up operations;
- Decentralized database distributed among users;
- Using smart contacts and multi-signatures;
- Fixed emission and inflation.
Decentralization in the Stellar network is achieved due to the fact that many computer nodes operate simultaneously on the platform. Therefore, the power of the platform is distributed among many servers, that is, they are not tied to a single node. As a result, the operation of the entire system does not depend on one object and eliminates the possibility of interference in its operation from the outside. This autonomy of each individual node in the network makes it possible to avoid failures, even when one or more servers are temporarily inoperable.
If we describe the algorithm of operation of the Stellar cryptosystem in a nutshell, we get the following:
- The user wants to buy euros and transfers the dollars available for this purpose.
- The platform is looking for order execution options, with dollars being transformed into Lumen (XLM).
- After choosing the best option, the required currency is purchased, in our case, euros for XLM.
- The user receives the euros he needs into his account.
Thus, we can say with confidence that the greatest advantages of the Stellar system are scalability, as well as open source code. In addition, the platform easily copes with thousands of transactions in one second, which competitors, for example, the Cardano cryptocurrency, cannot boast of, and transaction confirmation is carried out in a maximum of 5 seconds, which was achieved thanks to the SCP protocol. Speaking about other advantages, it is necessary to note the following:
- Compatibility of the Stellar system with other products present on the financial markets;
- Small fees for transactions within the system;
- Ability to work with a large number of one-time payments in the system;
- Cryptographic encryption provides a high level of encryption;
- Possibility of buying and selling any currencies and almost any assets, for example ICO tokens;
- Based on Stellar Lumens, it is possible to create plugins and various clients.
How to buy or sell
Let's look at the main ways to buy or sell Stellar cryptocurrency :
- Cryptocurrency exchanges. List of liquid platforms where Stellar is traded and you can work with fiat currencies: Exmo; Binance.
- Crypto exchangers. For example, Baksman:
- p2p.
Detailed article: how to buy Stellar Lumem XML.
Description of the project, history of creation
Stellar cryptocurrency was founded by Joyce Kim and Jed McCaleb five years ago. The project became a fork of the Ripple cryptocurrency. The reason for its creation was numerous indignations from the crypto community regarding the principles of operation of the Ripple network. The fact is that at the time of the founding of XRP, the project had a closed source code, most of the coins belonged to the developers themselves, and the servers were owned by Ripple Labs. All this contradicts the principles of decentralization, which should underlie cryptocurrency structures.
In 2013, the Ripple team opened its source code, due to which the outrage decreased somewhat, but a certain part of the creators still insisted that a fork was necessary, without it it was impossible to solve other problems. cryptocurrency Stellar Lumen appeared .
At first, the project used the old Ripple protocol, but since 2020 it has been working on a separate Stellar protocol. From that moment on, the popularity of the new currency in the market began to grow confidently.
Stellar (XLM) Development Team
The founder of Stellar is Jed McCaleb, a very famous person in the world of cryptocurrencies. In 2010, he created the very famous MtGox exchange. For several years, this platform was the largest Bitcoin trading platform in the world.
Jed McCaleb. Creator of Stellar Lumens
Since 2011, he worked in the Ripple team on the development of an internal trading exchange for the exchange of goods and services. After creating his Blockchain project, he stopped being a member of the Ripple Labs development team.
At the moment, the project team consists of: board of directors - Keith Rabua, Joyce Kim, Shivani Siroya, Greek Brockman. Advisors: Patrick Collison, Greg Stein, Matt Mullenweg, Romandu Lemos. Developers: Bortek Nowotarski, Boris Reznikov, Brian Gale, Davidl Mazier.
Features of cryptocurrency, technical implementation
Most applications interact with Stellar through the Horizon API server. It provides an easy way to submit transactions, check balances, and subscribe to certain events. Because it's based on simple HTTP, Horizon can be accessed through a web browser and command line using your favorite programming language.
To communicate with Horizon, Stellar supports JavaScript and Java, as well as a number of SDKs for different programming languages. Each Horizon server connects to the Stellar Core network backbone, and this software verifies and reconciles every transaction through the Stellar Consensus protocol. The Stellar Network itself is a collection of interconnected Stellar Cores that are operated by organizations and individuals around the world. Some are available for interaction, and some serve only to support the network.
Distributed technology makes the network reliable and secure.
Each transaction of the Stellar cryptocurrency costs 0.00001 XLM - this is protection against network spam.
Stellar cryptocurrency: overview of characteristics
Most of the Lumens are owned by the official project stellar.org, which is designed to support. Slogan. It's about opening up access to financial instruments, low-cost savings accounts and affordable credit. User financing is seen by the developer as a real tool to stimulate entrepreneurship as an opportunity to combat poverty, which was created by virtually unpaid wage labor.
Among the features of Lumens is the ability to use several standard official wallets for storage:
- Lobster.
- Startgazer.
- Stellar Desktop Client.
- SIKA.
- Blackwaller.
- Luun.
Among them there are web, desktop and mobile versions. For long-term capitalization, use “cold” options, which have the highest level of security. If lumens are used for trading, then you don’t have to bother and store them directly on the exchange.
Advantages and disadvantages
As a result of attempts to correct the shortcomings of her ancestor, Stellar acquired the following advantages:
- Equality of all participants in the system.
- Very fast transactions (up to 1000 in one second).
- Open source, maximum decentralization.
- Security, which is achieved through cryptographic encryption and the use of autonomous nodes.
- Support for integration with other projects and financial systems.
One of the inconveniences is the entry threshold - to make transactions, you must have at least 0.5 XLM in your account. Given the low cost of the coin, this is not yet a serious obstacle and does not discourage those who want to use the system.
Where to buy XLM?
The Stellar project cryptocurrency Lumens (XLM) has been accepted for listing by most major exchanges dealing with digital assets. List of exchanges leading in terms of transaction volumes with the XLM coin:
- Latoken – XLM/BTC exchange;
- BW.com – XLM/USDT exchange;
- Fatbtc – XLM/BTC exchange;
- HitBTC – XLM/BTC exchange;
- Huobi Global – XLM/USDT exchange;
- Coin Tiger – XLM/USDT exchange;
- Dcoin – XLM/USDT exchange;
- Binance – XLM/USDT exchange.
In addition to cryptocurrency exchanges, you can purchase XLM using the online exchanger OrangeExchange. Russian rubles or US dollars are accepted for payment. The transfer can be made through the popular electronic payment systems Payeer, Yandex Money, Qiwi or by bank card.
Wallets
The most reliable and popular way to store Stellar is the cold desktop wallet Stellar Lumens. It is downloaded from the project page on GitHub; Versions are available for different operating systems.
The list of wallets for Stellar is located in the “Lumens” - “Wallets” section on the official website. A list of different types of wallets is available:
- Desktop Wallets: Stellarport, Ledger, BlockEQ, Foxlet, Stargazer.
- Mobile applications (Mobile Wallets): Blockchain, Lobstr, InterStellar, Papaya and others.
- Online services (Web Wallets): Astral, Saza, StellarTerm, Ledger, Blockchain, etc.
The list provided on the site is not complete, since many multi-currency wallets have appeared that support Stellar Lumen, for example, Exodus.
Addition. If you click on the “Account Viewer” link, you will be taken to the official, lightweight online wallet. To create a new private key, click “Generate”. Get a Secret Key - this is a private key, keep it in a safe place and a Public Key - a public key (address) for receiving cryptocurrency.
Prospects for Stellar lumen-2019 from the Economic Forecasting Agency
If you have already read other publications on our website in the “Forecasts” section, you may have noticed that APECON experts are very cautious in assessing the prospects for cryptocurrencies for 2020. They believe that the market revival will not begin until 2020-21, so most coins are predicted to fall further in 2020. Stellar did not escape this fate either.
XLM rate prospects for 2020 from APECON
The 2020 Stellar forecast from the Economic Forecasting Agency can be considered quite optimistic (-38%), since its analysts predict a sharper decline for most other coins.
