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Date | Open | Close | High | Low | Volume |
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- r/stellar
- Crypto firms among ‘greatest risks’ for money laundering in 2022-2023: UK govtCointelegraph.com News – 4 hours agoCrypto firms, wealth management companies, and retail and wholesale banking remain “particularly vulnerable” to financial crime, according to a U.K. Treasury report. Crypto firms were…
- DeFi lending giant Aave unveils V4 protocol overhaulCointelegraph.com News – 5 hours agoAave Labs shared a proposal for the next version of its protocol, which included improvements to its stablecoin, GHO. Aave Labs, the firm behind the…
- Bitcoin 4% dip may ‘panic’ short-term holders as price falls below average costCointelegraph.com News – 6 hours agoBitcoin short-term holders are currently holding a 3% unrealized loss but it “isn’t the end of the world,” according to a crypto analyst. Bitcoin (BTC)…
- BlackRock Bitcoin ETF sees first outflow day amid record ETF bleedCointelegraph.com News – 6 hours agoBlackRock’s IBIT saw around $37 million in outflows for the first time while the remaining spot Bitcoin ETFs collectively notched over $526.8 million in outflows.…
- US probes Jack Dorsey’s Block, Inc. over financial transactions: ReportCointelegraph.com News – 6 hours agoU.S. prosecutors are reportedly investigating the fintech firm after a whistleblower claimed it processed thousands of transactions for users from sanctioned countries and terrorist groups.…
What is Stellar?
Stellar is a public blockchain platform that uses the Stellar consensus protocol (SCP). The node that finds next valid block is chosen by federated byzantine agreement. This makes the blockchain centralized permission based, as opposed to decentralized blockchains like Bitcoin or Ethereum. Stellar is a community driven open source project launched in November 2014 and written on C++. It is maintained and supervised by non-profit organisation Stellar.org.
The main purpose of creating this ockchain was to expands access to low-cost financial services. Stellar operates with its own token Lumen, supply of which increases a fixed rate of 1% a year. Main difference from Bitcoin is that it is based on the SCP consensus algorithm rather than mining, which means transactions are being confirmed within 2-7 seconds. Stellar has an SDKs that allows users to connect to the blockchain with external software written in Java, Golang, JavaScript, C#, Ruby, Python, Scala, iOS or any other software using REST API. Each transaction has a cost of 100 Stroops (0.00001 Lumens).
Stellar is mainly used by Money transfer companies like Tempo, Eurochange and TransferTo and mobile financial services providers like Coins.ph.