$0.08983600
24H %
1.12%
24H Low
$0.08743400
24H High
$0.09040900
DownloadIcon
TO

Linear
Log

About Stellar

Sector

Currency


Industry Group

BaaS


Industry

Payments



The Stellar price is $0.09, a change of 1.12% over the past 24 hours as of 10:05 p.m. The recent price action in Stellar left the tokens market capitalization at $9,467,690,912.48. So far this year, Stellar has a change of -66.40%. Stellar is classified as a Currency under CoinDesks Digital Asset Classification Standard (DACS).


Stellar Lumens (XLM) is the native cryptocurrency of Stellar, which is a blockchain-based payment network whose leaders see it as a faster and cheaper way to make global payments than the likes of remittance giants MoneyGram and Western Union. Those companies charge high fees and can take days to process a transaction. In 2021, Stellar even said it was interested in buying MoneyGram.

The platform also boasts its own decentralized exchange for trading crypto and other assets. For non-crypto assets like gold, verified financial institutions known as “Stellar Anchors” act like banks and hold the deposits. The platform then issues tokens tied to those assets to the depositor and returns the assets upon withdrawal/ redemption of the tokens. That all takes place on the Stellar ledger.

Lumens (XLM) price

In 2014, Stellar raised $35 million in its initial token sale of its native token, XLM. Stellar’s supply is managed by the nonprofit Stellar Development Foundation (SDF), which steers development of the protocol. When Stellar started, 100 billion XLMs were created with an annual inflation rate of 1 percent. The inflation rate has since been removed.

In 2019, Stellar burned, or removed, more than 50 percent of its supply, slashing its total supply cap to 50 billion. Prices jumped by more than 14% within an hour of the announcement, as the remaining tokens in circulation became scarcer.

XLM’s price hit an all-time high of $0.86 during the 2017 crypto bull run. In the following bear market, XLM’s price sank to a low of $0.03. Not long after bitcoin’s price hit a then-high of $63,500, XLM’s price reached another peak of $0.73 in May 2021.

How Stellar works

Though Stellar borrows its ideas from Bitcoin, its main distinction from Bitcoin is that it’s secured by a different consensus protocol. Bitcoin uses proof-of-work to secure the blockchain and make sure that the decentralized network is able to come to an agreement over which transactions are valid.

Instead of proof-of-work, Stellar deploys the “Stellar Consensus Protocol” (SCP), which was invented by Stellar chief scientist David Mazières in 2015. Under SCP, a set group of “trustworthy” nodes are responsible for validating transactions and blocks, making sure no one is printing free money for themselves.

This set of trustworthy nodes is voted on periodically. Anyone on the network can participate by running a node. Each node votes on whom they believe is trustworthy. The winners (whoever gets the majority of votes) are responsible for validating transactions.

Because SCP doesn’t require costly mining machines running computations all day, it’s a far more eco-friendly blockchain project than other blockchains. SCP is also how Stellar can support faster and cheaper transactions.

Still, some researchers argue that algorithms like Stellar’s aren’t as secure and open as Bitcoin’s proof-of-work. For instance, one research paper from South Korea’s Advanced Institute of Science and Technology, called Stellar “significantly centralized.” Because of those issues, the Stellar network has crashed at least twice over the last couple of years, preventing users from sending payments across the network.

Key events and management

Jed McCaleb, a computer programmer and former chief technology officer at Ripple, left Ripple in 2013 due to a disagreement about the cryptocurrency company’s proposed direction. He started Stellar by forming a new blockchain that split off from Ripple’s blockchain.

In 2014, McCaleb launched the Stellar Development Fund in collaboration with Patrick Collison, the CEO of payment software company Stripe, and Stripe invested $3 million in Stellar.

With its ambitions to compete with big remittance companies, Stellar has joined forces with several global financial institutions over the years, and in 2020, German bank Bankhaus von der Heydt, one of the oldest banks in the world, issued a stablecoin based on Stellar.


Previously Aired
CDTV logo

Bitcoin (BTC) is on track for its biggest monthly loss in five months, with the largest cryptocurrency plunging by roughly 18% in November. Umee Founder and CEO Brent Xu joins "All About Bitcoin" to discuss. Plus, Crypto is Macro Now Economist Noelle Acheson explains why the idea of central banks holding bitcoin is gaining traction. And Casa, a popular Bitcoin self-custody firm, is adding Ethereum support to its platform in what some may consider an unlikely move.

$9.47B

$10.45M


Stellar Price

24H Open
$0.08883900
24H Change
$0.00099700
52 Week Low
$0.08000000
52 Week High
$0.36400600
All Time High
$0.79748200
Returns (YTD)
-66.40%

Stellar Market Stats

Total Supply
105.39B
Max Supply
50.00B
24H Value Transacted
$27.93M
30D Volatility
0.99591900
24H Transaction Count
3.63M
24H Average Transaction Fee
$0.00001700

About Stellar

Sector

Currency


Industry Group

BaaS


Industry

Payments



The Stellar price is $0.09, a change of 1.12% over the past 24 hours as of 10:05 p.m. The recent price action in Stellar left the tokens market capitalization at $9,467,690,912.48. So far this year, Stellar has a change of -66.40%. Stellar is classified as a Currency under CoinDesks Digital Asset Classification Standard (DACS).


Stellar Lumens (XLM) is the native cryptocurrency of Stellar, which is a blockchain-based payment network whose leaders see it as a faster and cheaper way to make global payments than the likes of remittance giants MoneyGram and Western Union. Those companies charge high fees and can take days to process a transaction. In 2021, Stellar even said it was interested in buying MoneyGram.

The platform also boasts its own decentralized exchange for trading crypto and other assets. For non-crypto assets like gold, verified financial institutions known as “Stellar Anchors” act like banks and hold the deposits. The platform then issues tokens tied to those assets to the depositor and returns the assets upon withdrawal/ redemption of the tokens. That all takes place on the Stellar ledger.

Lumens (XLM) price

In 2014, Stellar raised $35 million in its initial token sale of its native token, XLM. Stellar’s supply is managed by the nonprofit Stellar Development Foundation (SDF), which steers development of the protocol. When Stellar started, 100 billion XLMs were created with an annual inflation rate of 1 percent. The inflation rate has since been removed.

In 2019, Stellar burned, or removed, more than 50 percent of its supply, slashing its total supply cap to 50 billion. Prices jumped by more than 14% within an hour of the announcement, as the remaining tokens in circulation became scarcer.

XLM’s price hit an all-time high of $0.86 during the 2017 crypto bull run. In the following bear market, XLM’s price sank to a low of $0.03. Not long after bitcoin’s price hit a then-high of $63,500, XLM’s price reached another peak of $0.73 in May 2021.

How Stellar works

Though Stellar borrows its ideas from Bitcoin, its main distinction from Bitcoin is that it’s secured by a different consensus protocol. Bitcoin uses proof-of-work to secure the blockchain and make sure that the decentralized network is able to come to an agreement over which transactions are valid.

Instead of proof-of-work, Stellar deploys the “Stellar Consensus Protocol” (SCP), which was invented by Stellar chief scientist David Mazières in 2015. Under SCP, a set group of “trustworthy” nodes are responsible for validating transactions and blocks, making sure no one is printing free money for themselves.

This set of trustworthy nodes is voted on periodically. Anyone on the network can participate by running a node. Each node votes on whom they believe is trustworthy. The winners (whoever gets the majority of votes) are responsible for validating transactions.

Because SCP doesn’t require costly mining machines running computations all day, it’s a far more eco-friendly blockchain project than other blockchains. SCP is also how Stellar can support faster and cheaper transactions.

Still, some researchers argue that algorithms like Stellar’s aren’t as secure and open as Bitcoin’s proof-of-work. For instance, one research paper from South Korea’s Advanced Institute of Science and Technology, called Stellar “significantly centralized.” Because of those issues, the Stellar network has crashed at least twice over the last couple of years, preventing users from sending payments across the network.

Key events and management

Jed McCaleb, a computer programmer and former chief technology officer at Ripple, left Ripple in 2013 due to a disagreement about the cryptocurrency company’s proposed direction. He started Stellar by forming a new blockchain that split off from Ripple’s blockchain.

In 2014, McCaleb launched the Stellar Development Fund in collaboration with Patrick Collison, the CEO of payment software company Stripe, and Stripe invested $3 million in Stellar.

With its ambitions to compete with big remittance companies, Stellar has joined forces with several global financial institutions over the years, and in 2020, German bank Bankhaus von der Heydt, one of the oldest banks in the world, issued a stablecoin based on Stellar.


Market Analysis
Social Analysis

Trending Assets

Bitcoin Calculator

Last Updated on 11/30/22 10:05 PM

CoinDesk’s Bitcoin and Cryptocurrency Calculator determines the exchange rates between major fiat currencies and cryptocurrencies – including BTC, BCH, ETH and XRP to USD, EUR, GBP, IDR and NGN – with up to six decimal places of accuracy. Conversion rates are based on CoinDesk’s Bitcoin Price Index and the price indices of other digital assets. World currency prices are based on rates obtained via Open Exchange Rates.


Latest About Stellar

CoinDesk - Unknown
Bitcoin Climbs Above $47K as Stocks Fall and Investors Eye Inflation

Reduced probability of a regulatory clampdown on crypto markets seems to be cushioning bitcoin from the instability of traditional markets.

CoinDesk - Unknown
CoinDesk - Unknown
EU-Thailand Remittance Corridor Opened on Stellar Blockchain

Velo Labs has joined with TEMPO Payments and Bitazza to facilitate transfers on the Stellar blockchain.

CoinDesk - Unknown
CoinDesk - Unknown
Stellar Foundation Eyes Potential Acquisition of MoneyGram: Report

The supporter of blockchain-based payment services is partnering with private equity firm Advent on the potential deal.

CoinDesk - Unknown

Disclaimer
Any data, text or other content on this page is provided as general market information and not as investment advice. Past performance is not necessarily an indicator of future results. CoinDesk is an independently managed media company, wholly owned by the Digital Currency Group, which invests in cryptocurrencies and blockchain startups. DCG has no operational input into the selection or duration of CoinDesk content in all its forms.