Bitcoin Halving

Stellar

XLM
Price
$0
24 Hour % Change
n/a%
Market Cap
$0
Volume (24h)
$473.23M
Linear
Log
to
1h12h1d1w1m3m1y
Key metrics
24 Hour Low
$0
24 Hour High
$0
Net change
n/a
24 Hour Open
$0
All time high
$0.875563
Circulating Supply
0
Returns (24H)
-4.56%
Returns (YTD)
122.92%
Volatility (30d)
0.64
Transaction Count (24h)
1.46M
Average Transaction Fee (24h)
$0.000120
Value Transacted (24h)
$16.19M

About

Category
Currency
Value proposition
Payments

Lumen (XLM) is the native cryptocurrency for Stellar, an open source blockchain payment system. The purpose of Stellar is to connect financial institutions via the blockchain and provide cheap transactions in developing markets. Jed McCaleb, a longtime cryptocurrency entrepreneur who founded bitcoin exchange Mt. Gox and co-founded blockchain-based payment system Ripple Labs, created Stellar in July of 2014. Stellar uses a federated byzantine agreement (FBA) algorithm instead of a traditional mining network to validate transactions. Since the transfer of lumens doesn’t require approval from traditional cryptocurrency miners, the Stellar network enables quicker transactions than some other blockchain-based systems.

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Disclaimer
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Foundations - Consensus: Distributed