Ever since the introduction of Bitcoin in 2009, Blockchain has always been in highlights and has attracted everyone worldwide. Today, Bitcoin is valued at over $31,000. Apart from bitcoin, various other cryptocurrencies have been developed that have also gained huge profits. Released in 2014, Stellar is a decentralized payment network that gained popularity due to its unique approach and appeals to cross border payments. It is a blockchain-based open-source database dedicated to making transactions faster, safer and easier. It takes international payments to a whole new level by providing secure, real-time and low-cost transfers.
The cryptocurrency issued by Stellar is known as Stellar Lumen or XLM.
Stellar’s Coin market cap rank is #11 with a market cap of around $6 billion. The Stellar coin is presently valued at $0.278 with a 24-hour trading volume of $877.01 million. Founder of Stellar, Jed McCaleb, developed Stellar to provide people a way to move their fiat currency into crypto and remove the friction involved in transferring money worldwide. The not-for-profit organization, Stellar Development Foundation, aims to “unlock the world’s economic potential by making money more fluid, markets more open and people more empowered.”
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