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Stellar XLM

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1. Summary

Fundamental Rank
Developer Rank
Social Rank
Coinrank
Price
$0.27 -3.9%
Market Cap
$6.35B (#20)
Supply
23.75B / 50.00B
Description

Stellar is a cryptocurrency that is designed to help the unbanked population have access to all of the financial services. It essentially allows any user to move payments across borders in a cheap, efficient way, that serves this role a lot more quickly than the existing systems.

Stellar is a cryptocurrency that is designed to help the unbanked population have access to all of the financial services. It essentially allows any user to move payments across borders in a cheap, efficient way, that serves this role a lot more quickly than the existing systems.

You can think of Stellar as a system that connects people to financial services at low costs. The interesting part here is that Stellar was originally based on the Ripple Labs Protocol and its blockchain is the result of a hard fork, where the code was subsequently re-written to make it the way it is.

The XLM Token Explained

The Stellar Network created 100 billion Lumens (XLM) tokens when it first started. That being said, the Lumens Foundation, which is a non-profit organization, presides over how these Lumens are issued and auctions off chunks with the intention of raising funds.

These native tokens on the network serve as a bridge that makes it a lot less expensive to trade assets across borders, and all of this aims to challenge the existing payments providers due to the fact that they are known to charging high fees for a service that’s just as good.

Features of Stellar

Here’s the deal, high fees when making cross-border payments aren’t exclusive to FIAT-based payment systems, as they have also been seen on blockchains such as Bitcoin’s blockchain as well as Ethereum’s blockchain due to congestion. Stellar is special in the way that each transaction is intended to cost just 0.00001 XLM. Now, given the fact that a single unit of this cryptocurrency will set you back only a few cents, it helps ensure that you can keep as much of your money as possible.

Stellar’s operation is at times similar to other decentralized payments technologies, and this is due t to the fact that it runs a network of decentralized servers with a distributed ledger that updates every 2 to 5 seconds across all nodes. However, Stellar’s consensus protocol does not rely on the miner network to approve its transactions, and instead uses the Federated Byzantine Agreement (FBA) algorithm that enables faster processing of transactions.

In fact, each node on the Stellar network chooses another set of trustworthy nodes, and once a transaction ends up getting approved by all of the nodes within this set, it is considered approved.

Founders of Stellar (XLM)

Discussing the founders of Stellar, what you genuinely need to know about it is the fact that it is an open network that was founded by Jed McCaleb, alongside the assistance of the lawyer Joyce Kim after leaving Ripple in the year 2013 over certain disagreements about where the company was headed throughout the years.

McCaleb’s main goal is to ensure that Stellar has the ability to provide people with a way through which they can move their FIAT into cryptocurrency and eliminate the friction that people would normally experience when they are sending money on a global basis. McCaleb currently fills the role as the CTO at the company, but alongside this, he is the co-founder of what is known as the Stellar Development Foundation.

2. Price

$XLM / USD

2.1. Market Performance

How does Stellar's (XLM) performance compare to assets of a similar market capitalization?

30 Day Return

-20.9%

XLM

-10.5%

Similar Market Cap

60 Day Return

2.6%

XLM

25.5%

Similar Market Cap

1 Year Return

260.7%

XLM

1,464.5%

Similar Market Cap

3. Developer Activity

We're monitoring 87 Stellar Github repos for commits, code additions and deletions. This data is factored into the Developer Rank.

Weekly Commits (All Stellar Repos)

Commits vs. The Market

  • Past 4 weeks: 275 commits vs. an average of 40
  • Past 12 weeks: 814 commits vs. an average of 144
  • Past year: 4,181 commits vs. an average of 980

Most Active Repos

Past week 60
Past 12 weeks 199
Past year 865
Past week 21
Past 12 weeks 173
Past year 682
Past week 29
Past 12 weeks 75
Past year 246
Past week 10
Past 12 weeks 25
Past year 210
Past week 5
Past 12 weeks 8
Past year 201
Past week 0
Past 12 weeks 0
Past year 170
4. Social Activity
Reddit Subscribers 201,119
Active Reddit Users (past 24h) 164
Telegram Users 0
Twitter followers 632,874
5. News
6. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website https://www.stellar.org/
Explorer https://dashboard.stellar.org/
Twitter @stellarorg
reddit /r/stellar
Forum https://galactictalk.org/
Whitepaper https://www.stellar.org/papers/stellar-consensus-protocol.pdf
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