Stellar: A Fully Open-Source Cryptocurrency. All You Need To Know About This New Cryptocurrency.
Stellar is also an open-source value exchange protocol. It’s supported by the Stellar Development Foundation, a non-profit organization.
Stellar is also an open-source value exchange protocol. It’s supported by the Stellar Development Foundation, a non-profit organization. It’s another decentralized but hybrid blockchain with a fully digital infrastructure that enables cross-asset transfers of value which include, but not limited to, payments.
The impressively beautiful thing about the Stellar network is that once you’re integrated, you’ve become a part of an open global financial network where all participants and stakeholders (investors, banks, or payment networks) are given an equal access and economic participation opportunity. Recognized as XLM, the native digital asset of Stellar is Lumens. Thus, both the Stellar, as the network, and Lumen as the coin are under the purview of stellar.org.
It was co-founded in early 2014 Jed McCaleb, the creator of eDonkey and Joyce Kim, having as board members the following great minds: Greg Stein, Joi Ito, Keith Rabois, Matt Mullenweg, Naval Ravikant, Patrick Collison, and Sam Altman among others. It was founded originally on the model of Ripple. That’s why transactions on both networks have many things in common.
Stellar as a financial infrastructure is gaining more acceptability and endorsement throughout the world. Major international companies like IBM have endorsed Stellar (and Ripple) as the only cryptocurrency on their network. Even in October 2017, the payment solution KlickEx announced that Stellar is “the backbone of its new cross-border payment solution.”
It’s spreading fast into the developing world. For instance, in Sub-Saharan Africa, in order to help African girls save their money using airtime credits, Praekelt Foundation integrated Stellar into its open-source messaging app, Vumi. The brains behind the cloud-based banking software, Oradian, are planning to use the Stellar network in connecting the Nigerian MFIs. And as at the end of 2016, there have been more memberships in India and Philippines.
Stellar’s vision is to be an open and a more affordable financial system that gives people of all income levels the opportunity to access secure, simple-to-use, and low-cost financial services. It also aims at equipping its developers with a different technology that will be useful in creating financial products and services for their communities.
Stellar Lumen network creates a link to fiat currencies and makes for almost instantaneous exchange while the buyer or seller will never physically touch the coin itself.
What makes it easier to generate more Lumen is that its network has very fast transaction speeds, sometimes faster than Ripple.
Paying With Stellar
Just like Ripple, Stellar is configured to take care of transaction between fiat money and cryptocurrencies and also handle exchanges between one cryptocurrency and the other. The only difference here is that Stellar is a non-profit, open-source and decentralized platform.
Where to Buy Stellar
There is a good number or exchanges on the web that trade in Stellar. Of course, you may not take the listing here as an endorsement of any exchange. But the ones here are more authentic. You may need to check the current price before your next transaction.
- Aex: Converting Stellar to BTC
- Binnace: Converting Stellar to BTC or ETH
- BTC38: Converting Stellar to CNY
- Bitrtrex: Converting Stellar to ETH
- Kraken: Converting Stellar to BTC
- Okex: This exchange converts Stellar to BTC, ETH, and USD
- Poloniex: Converts Stellar to BTC USDT
Stellar’s Market Value
With the market cap of $6, 216, 524, 194, as at the last check, 1stellar is worth at least $0.3. Bear in mind, though, that the low market value is largely due to its high supply, not due to it being underrated. Stellar’s future is great because it’s already in competition with many other cryptocurrencies. For now, it’s the rival Ethereum for ICO and rival of Ripple as the banks’ and businesses’ digital partners.