Bitget App
common_footer.down_desc
common_header.buy_cryptocommon_header.marketscommon_header.tradecommon_header.futurescommon_header.social_tradingcommon_header.grid_tradingcommon_header.earn
Stellar

coin.price_trendingXLM

focusIcon
subscribe
coin.quote_currency:
USD

coin.calculator

coin.calculator_tips
XLM
VectorImg
USD
1 XLM = 0.09174 USD
coin.update_time(UTC-0)
coin.buy_coin

technical.price_summary.title

coin.price_live_data

technical.price_summary.p1

technical.price_summary.a1

technical.price_summary.p2

technical.price_summary.a2
profit_calculator.calculate_tokenname_profit

coin.prediction

technical.price_summary.p3

technical.price_summary.a3_1
technical.price_summary.a3_2
technical.price_summary.a3_2
technical.price_summary.a3_2

coin.prediction_question

price_predict.text_introduce

coin.prediction_question

price_predict.prediction_content

rating.title_new

rating.from
4.4
rating.person
rating.des

coin.about_title

About Stellar

Stellar (XLM) stands as a decentralized blockchain platform that is designed to process transactions in a fast, secure, and cost-effective manner. Initially starting out as a fork of the Ripple protocol, Stellar swiftly grew into an autonomous venture, boasting its own distinctive design and objectives.

Overseeing the development and promotion of the Stellar network is the Stellar Development Foundation with a mission to bridge the gaps between individuals, businesses, and financial institutions across the globe, particularly for those who are underserved by conventional banking systems. A remarkable step was taken in January 2023 when the Stellar Development Foundation asserted a claim of US$13 million against Genesis.

Unlike numerous other blockchain networks, Stellar distances itself from energy-intensive mining operations. Instead, it harnesses the Stellar Consensus Protocol (SCP), a federated consensus mechanism, to authenticate and validate transactions. This consensus protocol enhances Stellar's efficiency and ecological friendliness, aligning harmoniously with its vision to provide accessible and effective financial services to all.

Resources

Whitepaper: https://www.stellar.org/papers/stellar-consensus-protocol

Official website: https://www.stellar.org/

How Does Stellar Work?

- Consensus Mechanism: Stellar operates on a federated Byzantine agreement system called the Stellar Consensus Protocol (SCP). This consensus mechanism enables nodes (Stellar validators) to agree on the validity of transactions in a decentralized manner. The process involves a series of voting rounds until a consensus is reached, allowing for secure and fast transaction settlements.

- Anchors and Issued Assets: Stellar's architecture allows the representation of various assets on the network. These assets can include cryptocurrencies, fiat currencies, commodities, or even custom tokens. To bring external assets onto the Stellar network, entities known as "anchors" act as trusted intermediaries. Anchors facilitate the deposit and withdrawal of assets on and off the network, enabling seamless integration between the traditional financial system and the Stellar blockchain.

- Decentralized Exchange (DEX): Users can trade various assets directly on the Stellar network, thanks to the platform's native decentralized exchange capabilities. This feature increases liquidity and enhances the efficiency of asset conversion, making it convenient for users to exchange one asset for another without relying on external exchanges.

- Smart Contracts and Custom Tokens: While Stellar is not primarily known for complex smart contracts like Ethereum, it does offer simple, programmable features that can be used to execute specific operations automatically. Additionally, Stellar supports the creation of custom tokens, which allows users to issue their own digital assets on the network. These custom tokens can represent anything from loyalty points to securities, expanding the platform's utility and potential use cases.

What Is XLM Token?

The Stellar network's native cryptocurrency is called XLM (Stellar Lumens). XLM plays a crucial role in the Stellar ecosystem, serving as a bridge currency to facilitate asset exchanges and cross-border transactions.

Primary Functions of XLM:

- Transaction Fees: XLM is used to pay for transaction fees on the Stellar network. When users perform operations like sending payments or trading assets, a small amount of XLM is burned (removed from circulation) as a fee for using the network.

- Anti-Spam Measure: The nominal transaction fees in XLM serve as an anti-spam mechanism to prevent the network from being flooded with unnecessary or malicious transactions.

- Liquidity Bridge: XLM acts as a liquidity bridge between different assets on the Stellar network. When trading one asset for another, XLM can serve as an intermediary, making asset conversions more seamless.

- Stellar Community Incentives: In the early days of Stellar, XLM was distributed through various programs and partnerships to bootstrap the network and create a thriving community of users and developers.

What Determines Stellar's Price?

The Stellar (XLM) price today is influenced by a myriad of internal and external factors that interact in complex ways. One of the primary internal factors is Stellar's utility in facilitating low-cost, cross-border transactions. The Stellar network uses its native digital currency, Lumens (XLM), to act as a bridge for quick and efficient currency exchange, thereby affecting the current Stellar value.

Thanks to the Stellar Consensus Protocol (SCP), the network offers high speed and low transaction fees, setting it apart from other cryptocurrencies like Bitcoin and Ethereum. As of September 2023, the Stellar market cap is currently around $3.3 billion. This reflects its utility and adoption, factors that in turn directly impact the Stellar coin value and its price history.

External factors also play a significant role in determining the Stellar cryptocurrency price. Market sentiment, often gauged through Stellar price analysis and Stellar price prediction models, can drive fluctuations in the Stellar trading price. Partnerships with financial institutions and other organizations can significantly influence the Stellar XLM price forecast. For instance, Stellar's collaboration with Ukraine’s Ministry of Digital Transformation for a central bank digital currency (CBDC) has made waves in the industry.

Additionally, macroeconomic trends affecting the cryptocurrency market at large—such as regulatory news or significant price changes in other cryptocurrencies like Bitcoin—can impact the Stellar real-time price. Investors often consult the Stellar price chart and Stellar price history to make informed decisions. They keep an eye on Stellar price trends and Stellar 2023 price prediction models to gauge Stellar's future performance.

Conclusion

In conclusion, Stellar's decentralized blockchain platform, driven by the Stellar Consensus Protocol, ensures fast, affordable transactions without energy-intensive mining. With its focus on financial inclusion and XLM as a bridge currency, Stellar has the potential to revolutionize the financial landscape, fostering global accessibility and liquidity.

It's important to note that like any other cryptocurrencies, Stellar carries its own risks and it's always wise to do your own research and exercise caution while investing.

technical.performance.title

coin.24Hcoin.7dayscoin.30dayscoin.90dayscalculator.common.one_yearcoin_market.all_time
-2.76%-4.72%-3.37%-2.80%-25.59%+2980.79%

technical.history.title

technical.history.coin_code_price
coin_market.timecoin.lowcoin.high
24h$0.09104$0.09421
7d$0.09104$0.09717
30d$0.08833$0.09746
90d$0.07592$0.1036
1y$0.07592$0.1621
coin_market.all_time$0.001227(2014-11-18, coin_market.years_ago )$0.9381(2018-01-04, coin_market.years_ago )

coin.market_info

coin_market.cap
$2,729,410,792.72
-2.76%
coin_market.fully_cap
$4,587,133,421.07
-2.76%
coin_market.volume_24h
$53,284,492.45
+11.07%
coin_market.market_raking
coin_market.circula_rate
+59.00%
coin_market.volume_cap
0.0195
coin_market.circula_supply
29,751,800,000 XLM
coin_market.total_max_supply
50B XLM
-- XLM
coin.ico_price
$0.003100 coin.ico_detail
calculator.faq_btn

coin_price.social_data

coin_price.social_description1

coin_price.social_description2

coin_price.social_description3

coin_price.social_description5

coin_price.social_description6

coin_price.all_social_overview

coin_price.average_sentiment(24h)
3.5
coin_price.social_score(24h)
19.09K(#165)
coin_price.social_contributors(24h)
894
+8%
coin_price.social_mentions(24h)
309(#93)
-31%
coin_price.social_dominance(24h)
0.03%
coin_price.twitter
coin_price.twitter_tweets(24h)
13
+550%
coin_price.twitter_sentiment(24h)
coin_price.twitter_bullish
38%
coin_price.twitter_neutral
62%
coin_price.twitter_bearish
0%
coin_price.reddit
coin_price.reddit_score(24h)
1
coin_price.reddit_ posts(24h)
3
0%
coin_price.reddit_comments(24h)
0
0%

coin.how_to_buy

calculator.htb.step1_title

calculator.htb.step1_title

calculator.htb.step1_des
calculator.htb.step2_title

calculator.htb.step2_title

calculator.htb.step2_des
calculator.htb.step4_title

calculator.htb.step4_title

calculator.htb.step4_des

coin.perpetual_futures.title

coin.perpetual_futures.p1

coin.perpetual_futures.p2

coin.excellent_traders.title

coin.excellent_traders.p

faq.name

How is Stellar different from other blockchain platforms like Bitcoin and Ethereum?

Stellar distinguishes itself from leading blockchain platforms like Bitcoin and Ethereum through its unique focus on cross-border payments and asset transfers. While Bitcoin is primarily a digital currency and Ethereum serves as a hub for decentralized applications (dApps), Stellar is engineered to streamline international transactions with unparalleled speed and efficiency. Unlike Bitcoin's energy-intensive Proof of Work (PoW) and Ethereum Proof of Stake (PoS), Stellar employs its Stellar Consensus Protocol (SCP). This proprietary consensus algorithm prioritizes speed and efficiency without compromising on security.

What are Stellar Lumens (XLM)?

Lumens, or XLM, are the native cryptocurrency of the Stellar network. They act as a form of "digital fuel," enabling transactions and operations on the network. They also serve as a bridge currency for transactions involving different fiat currencies. In addition to these utility functions, Lumens are required for account creation on the Stellar network, acting as a spam deterrent by requiring a small minimum balance. The Stellar network also allows for the creation and transfer of custom tokens, and XLM can be used to facilitate these transactions. Overall, XLM plays a crucial role in maintaining and operating the Stellar ecosystem.

How many Stellar Lumens (XLM) are in circulation?

As of September 2023, there are over 27.4 billion XLM tokens in circulation, out of a total supply of just 50 billion. When Stellar was initially launched in 2015, the Stellar Development Foundation (SDF) issued 100 billion XLM tokens. However, in 2019, the SDF burned more than half of that original supply to reduce the circulating amount. Currently, the SDF controls around 30 billion XLM tokens, which are allocated for marketing, development of the Stellar network, and investment in other projects.

Can Stellar Lumens (XLM) be Staked or Mined?

Stellar Lumens (XLM) cannot be mined in the way that cryptocurrencies like Bitcoin can, as it does not use a Proof of Work (PoW) consensus algorithm. It also doesn't have a staking mechanism commonly found in Proof of Stake (PoS) or Delegated Proof of Stake (DPoS) systems. Instead, Stellar uses its own Stellar Consensus Protocol (SCP), which is designed for speed and efficiency. New Lumens are not created through mining or staking but were initially issued by the Stellar Development Foundation.

Can the price of Stellar Lumens (XLM) reach US$1 value?

The potential of Stellar Lumens reaching US$1 is a hot topic among investors and analysts. Although speculative, many believe it's a plausible long-term target. Factors like Stellar's role in enabling micropayments, its decentralized framework, and the growing adoption in developing countries could drive its value upward. Given the price of XLM as of September 2023 is $US0.12. If XLM can achieve an annual growth rate of 15%, it could potentially reach the US$1 mark in approximately 4.07 years. On a more aggressive note, a 30% annual growth rate could see XLM hitting US$1 in about 2.27 years ( using the simple formula t=log(P/P0)/ log(1+r) to calculate). It's important to note that the cryptocurrency market is volatile, and these predictions are based on consistent growth rates, which are not guaranteed.

How secure is the Stellar network?

Stellar uses the Stellar Consensus Protocol (SCP), which is designed to offer a secure and efficient means of reaching consensus across its network. It is intended to be robust against various types of failures and attacks. However, like all blockchain platforms, it's important to consider security at multiple levels including the protocol, application, and user security measures. Always use trusted wallets and keep your private keys secure.

faq.one

faq.one_answer_new

faq.two

faq.two_answer

faq.third

faq.third_answer

faq.fourth

faq.fourth_answer

seo_faq.qustion1

seo_faq.answer1

seo_faq.qustion2

seo_faq.answer2

coin_price.buy_coin_title

coin_price.buy_coin_title_app
coin_price.buy_coin_guidance
google download badgeios download badge
coin_price.trade_bg_exchange
coin_price.trade_bg_exchange_guidance

video_section.h2_title

play cover
video_section.right_title
1. video_section.description1
2. video_section.description2
3. video_section.description3
4. video_section.description4
5. video_section.description5
6. video_section.description6
7. video_section.description7
faq.des

coin.excellent_traders.btn

PHOENXCORP
PHOENXCORP
insight112/750
217.65%
price_sidebar.roi
price_sidebar.total_pnl $938,815.34
buylow
buylow
insight397/500
188.37%
price_sidebar.roi
price_sidebar.total_pnl $3,860,531.29

coin.related_assets