|Volume / Market Cap
Stellar is currently trading at $0.0817, after a price change of 0.41% in the last 24 hours.
Ranked as cryptocurrency #27 by capitalization today, XLM market cap is valued at $2,139,029,600. XLM trading volume reached $81,291,434 in the last 24 hours. We track cryptocurrency data live in real-time. Make your own forecast on XLM coin price prediction page.XLM Coin Price Prediction
What is Stellar?
Stellar is a decentralized blockchain network facilitating the cheap transfer of regular currency and crypto-assets. The network came into being in 2014, established by Joyce Kim and Jed McCaleb. It is a public-owned network that can execute a large number of orders on a daily basis. While relying on blockchain technology, it is cheaper and more energy-efficient relative to other systems.
Just like in other blockchain systems, here, the orders are included in an open ledger. It follows the Stellar Consensus Protocol. This involves the system using a few trusted nodes to obtain the consensus at a much higher pace. They have the power to delegate other nodes as authenticators. This way, a large network of peers is established with mutual trust.
The minimum cost for the execution of each order is 0.0000100 XLM tokens. Via this network, you can deal with various types of fiat money owing to the unique exchange mechanism. The most favorable price is sought out by the network on its own. This enables commercial institutions to introduce new tokens without dealing with an intermediary body.