Stellar
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Date | Open | Close | High | Low | Volume |
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# | Source | Pair | Volume | Price | Change | Updated |
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- r/stellar
- XRP’s 'very positive sign’ — Whales soar to new highs as price jumps 10%Cointelegraph.com News – 2 hours agoSantiment data shows the number of XRP whales has just hit an all-time high as the price of XRP continues to rally. The number of…
- Bitcoin Christmas rally to $200K or $300K possible based on ‘power law’ modelCointelegraph.com News – 5 hours agoBitcoin’s parabolic rally could last until Christmas with a cycle top near $300,000, according to one analyst. Key takeaways:Bitcoin is ahead of its long-term “power…
- Bitzlato co-founder requests US pardon after guilty plea — ReportCointelegraph.com News – 6 hours agoUS President Donald Trump has issued five pardons for figures in the crypto and blockchain industries, and may have received requests from Changpeng Zhao and…
- Here’s what happened in crypto todayCointelegraph.com News – 6 hours agoNeed to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3…
- France opens criminal investigation into X for alleged algorithmic manipulationCointelegraph.com News – 7 hours agoFrench J3 cybercrime unit launches probe into X’s algorithm as EU scrutiny intensifies. The French Public Prosecutor’s Office has opened an investigation into X over…
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.