Stellar (XLM)

wallet
finance & banking
cryptocurrency
premine
scalable
#10

Marketcap Ranking

0.072733 (1.03%) arrow_drop_up

Market Price (24h change)

1,458,637,462

Total Market Cap

4.4

3.3

info_outline What is Stellar

4.7

info_outline

Short Description

General Data and Information. Launched in 2014 by Jed McCaleb (formerly of Ripple) and David Mazieres, Stellar is a decentralized open-source network for the exchange of over 500+ assets (including tokens and fiat) via the Stellar Consensus Protocol. As the global remittance market was worth nearly 600 billion US dollars in 2016 (with small cross border transactions attracting comparatively high fees and slow service), easing the friction on these remittance payments would help Stellar capture a significant share of this underserved and antiquated market. In the Stellar network, users make payments (in any acceptable currency, fiat, gold, XLM) with other users, with the debts between trusted users being recorded on the decentralized ledger. When the payments are finalized the balance of the users are recorded upon the ledger. When two users who do NOT trust each other attempt to send assets, the network finds a path from start to end user via a network of trusted user pairs. As the payment is finalized, all balances along the trust path are settled immediately and simultaneously. In many ways, the Stellar network is very similar to the Ripple network in results for the user, however the philosophy of the networks makes for a slightly different implementation. Stellar aims for a more direct peer-to-peer communication of transfers, with entities known as anchors handling any required entry or exits into fiat currency. In contrast, Ripple aims to streamline existing banking systems. Milestones

31st July 2014 - Stellar Network launched. Non-Profit Stellar Development Foundation created to assist with development. 31st July 2014 - 3 million USD in seed funding from Stripe. August 2014 - First exchange utilising Stellar Network (Mercado Bitcoin) annouced. November 2015 - New Consensus algorithm (SCP) goes live. May 2017 - Lightyear.io (for-profit arm of Stellar, now known as Interstellar) launched. Steptember 2017 - Stellar Partnership Grant Program announces grants for development on Stellar Network. Utility. Stellar Lumens (XLM) is the native currency of the Stellar blockchains and has several uses. The first use case is as a token for establishing your account, it is a minimal amount (1 XLM), to prevent network spamming. The second use case is for payments to establish trustlines from one payment node (account) to another account. Payment fees (0.00001 XLM) are another use case for the native currency, and larger users will also be required to use Stellar Lumens to be able to issue assets on the Stellar blockchain. The last use of Stellar Lumens is as a bridging currency and liquidity provider between users and chains who have no common currency to complete exchanges

As all the participants are transacting on the Stellar Network, XLM is the common currency for the blockchain. Thus, any “missing” assets required for a chain of exchanges can be substituted for the native Lumens. Significant Features. Transactions are pseduo-anonymous. Funds are sent address to address, but an owner identity can eventually attributed to an address given enough data and analysis. Low energy usage and high network speed using Stellar Consensus Protocol. Total Supply uncapped. Peer to peer currency exchanges, tokens and fiat. All users are able to issue tokens on the Stellar Network. Open-source and highly decentralized. References: .

info_outline

Introduction Video

What is Stellar? | Lumenauts

Watch the full Stellar Overview Course: https://www.lumenauts.com/course Unofficial Stellar news and insights delivered weekly: https://www.lumenauts.com/newsletter Stellar makes ...

info_outline
Screenshot from Website

www.stellar.org
XLM Websitemore_vert

Visit Webpage

Website Informationclose

Organization: Whois Privacy Service
Name: On behalf of stellar.org owner
Country: US
City: Seattle
Zipcode: 98108-1226
Address: P.O. Box 81226
Mail: registrar-abuse@amazon.com
Creation date: 2011-02-02
Expiration date: 2020-02-02
Nameserver: SCOTT.NS.CLOUDFLARE.COM

attach_money Product Analysis

4.8

info_outline

Whitepaper

The paper introduces a new model for consensus called federated Byzantine agreement (FBA). FBA achieves<br /> robustness through quorum slices—individual trust decisions made by each node that together determine<br /> system-level quorums.


The whitepaper of Stellar is 38 Pages long.

The most influencial keywords are: Node, Quorum, Protocol, Messages, Ballot, Settings, Sets, Voting, Vote, and Values.

file_downloadOpen Whitepaper
info_outline

Close Competitors

  • 1.) OmiseGO

    The OMG network is a scaling solution for finance on Ethereum, enabling transparent, peer-to-peer transactions in real-time. The decentralized network facilitates self-sovereign financial services across geographies, asset classes and applications.

  • 2.) Electroneum

    Electroneum is a new cryptocurrency, made mainly for your mobile, making it easy for you to send, receive and securely trade digital money on your smartphone.

  • 3.) Ethos

    Ethos - Universal wallet for coins and tokens. Store all of your tokens, coins and digital assets safely and securely on your mobile device. Track assets you have stored somewhere else – such as on a hardware wallet or an exchange. Ethos Universal Wallet gives you a complete view of your entire portfolio in one place, with rich analytics to show how you’re doing.

info_outline

Product analysis

Stellar was founded back in July 2013. Its source code was released publicly on github on November 2014 under the Other license.
Organization wise, Stellars Development is Centralized and is being developed under the lead of Zachary Freundt.

The consensus on which the Stellar network is run is called Stellar Consensus Protocol, while the underlying algorithm is called Stellar Consensus Protocol.
In the current state of Stellar currently is Working product

group Community Analysis

4.4

info_outline

Communities & Events

Stellar is a decentralized protocol that enables you to send money to anyone in the world, for fractions of a penny, instantly, and in any currency. r/Stellar is for news, announcements and discussion related to Stellar. Please focus on community-oriented content, such as news and discussions, instead of individual-oriented content, such as questions and help.

view_list r/stellar Subreddit
person 105,091 Subscribers
directions_run 2,152 Active Users
create 11 Daily Posts
speaker_notes 100 Daily Comments
linkOpen Subreddit

Stellar Lumens Telegram Community

https://www.stellar.org
https://www.twitter.com/stellarorg
https://www.reddit.com/r/stellar/

Alerts: @StellarLumensAlerts
News bot: @stellarlumens_bot

view_list Stellar Lumens XLM/STR Channel
person 8,439 Members
directions_run 460 Online
linkOpen in Telegram

Official Twitter account for Stellar

view_list @StellarOrg Channel
person 278,346 Followers
11.17.2019
20:14
What defines DeFi (Decentralized Finance)? Is it a technical definition specific to crypto, or does it include the broader use of decentralized systems in finance? @nestorious828 discussed this and other #DeFi topics at Blockchain Expo last week. https://t.co/4mTnQug2HK 70 favorite
11.16.2019
21:41
Hey, New York City! The #Stellar Pioneers are hosting a Meetup this coming Thursday, November 21, and you're invited. It's a great chance to meet fellow blockchain enthusiasts like @samconnerone and learn more about the #Stellar network. RSVP here: https://t.co/EUdAv8VUKw 180 favorite
11.16.2019
18:35
Check out the full video from @DenelleDixon and @JedMcCaleb's fireside chat from San Francisco Blockchain Week! They discuss what's next for SDF, growth of the Stellar network, and more. 130 favorite
11.14.2019
21:11
#tbt to SDF's #Stellar showcase at the Stanford career fair last month! If you're interested in joining the SDF team, check out open positions at https://t.co/ElEU7saAvm https://t.co/fhqGAsr2B0 152 favorite
11.05.2019
23:15
Thank you, everyone, for an incredible 1st #Meridian! “We’re committed to transparency and making all this work... Thank you for coming here to celebrate with us, learn with us, fix challenges with us in creating equitable access to the global financial system.” - @DenelleDixon https://t.co/IGNuY7lfGF 319 favorite
11.05.2019
21:27
Happening now on the Mission Control stage at #Meridian: “Notes from Abroad: Digital Adoption in Cash Economies” 💫Lily Liu, https://t.co/XYLhKCOIst (Moderator) 💫@shakibnoori, M-Paisa 💫Ernest @mbenkum, @interstellardex 💫Boaz Sobrado (@sobradob), https://t.co/L8QBpZmoTm https://t.co/73qz1W5YCJ 150 favorite
11.05.2019
19:41
We’re halfway through Day 2 of #Stellar #Meridian! With a wide range of speakers from all over the world, we are collaborating and learning in exciting new ways. @koltenb_ and @samconnerone sat down with Nic, CEO of Settle, to talk about his vision and project. Take a look: https://t.co/aE2YI3dkk2 147 favorite
11.05.2019
18:44
Announcing Vega, SDF’s new #Stellar-built savings and spending app for Latin America! Coming soon... #Meridian https://t.co/M6jX4pJpjy 225 favorite
11.05.2019
16:39
Tomer Weller’s talk “#Stellar Protocol: Design Consideration and What’s Next” in Skylab, featuring @orbitlens. #Meridian https://t.co/Fvbd2Z7NMR 100 favorite
11.05.2019
01:39
An amazing turnout for Day 1 of the #Stellar #Meridian conference! We can’t wait for tomorrow. https://t.co/XeXNtt7TTr 522 favorite
Name Date Description
NYC Meetup 11.21.2019 "Stellar Blockchain Meetup ft. FIC Network and Sam Conner's Meridian Recap" in NYC from 6 - 8 PM.
Q4 Protocol Upgrade 12.31.2019 We will push 3 Protocol upgrades; one each in Q2, Q3, and Q4.
info_outline

Google Trends Analysis


The Google Trends chart displays the search interest on google in Stellar relative to its peak over the last year. A rising chart shows growing interest int he project.

code Development Analysis

4.1

info_outline

Github Analysis

Code Updates (Commits)


Every change to the codebase of Stellar is registered as a commit. More active projects have many commits, dead projects nearly none.

Code line changes (+/-)


Extending a project results in many new lines of code. Changing existing code results in nearly the same amount of additions and deletions. Projects that are growing show a large number of code additions with relatively few deletions.

Programming languages

Repository Numbers

star 2,342 Stars
remove_red_eye 268 Watchers
usb 740 Forks
sync_problem 136 Open Issues
border_color 0.31 % Comment Coverage
lock_open Other License

attach_money Price Analysis

3.9

info_outline

Price Prediction

$ 0.070142 (-3.54%) arrow_drop_down

Predicted USD Market Price in 24h

$ 0.075292 (3.54%) arrow_drop_up

Predicted USD Market Price in 14d

info_outline

Converter XLM - USD

Convert between XLM and USD with the live Stellar prices, aggregated from all big exchanges that trade Stellar.


info_outline

Market insights

Volume from exchanges is considered untrusted if the exchange has little reputation and no License but reports suspiciously high trading volume in particular coins.

account_circle Team Analysis

4.7

info_outline

Team

Lead

Unknown -
It is not exactly clear who is the main driving force behind Stellar.


supervisor_accountSocial Network Links

Members (26)

Zachary Freundt

Community

Tom Llewellyn-Smith

Systems architect

launch

Rafał Malinowski

Developer

Marta Lokhava

Developer

launch

Lisa Nestor

Partnerships

Lisa Kinard

Operations

Johnny Goodnow

Developer relations

launch

David Mazières

Chief scientist

remove_red_eye Product Review by Coinpaper

3.1

How things stand

info_outline

Stellar Lightning was scheduled for 1. December 2018, but they missed the deadline. There’s no update regarding Stellar Lightning yet. [1]
Stellar distributed 20% of all coins. The remaining 80% will be distributed in the next 10 years. However, these airdrops will not be handed out to everyone holding Stellar Lumens. Only accounts that get at least 0.05% of all votes can get these airdrops and the Stellar team is holding most of the coins.
When 20 Billion Lumens were distributed among bitcoin holders, only 2 Billion Lumens were claimed and the Stellar Development Foundation took the remaining 18 Billion Lumens. [2]

2.0

info_outline

The Stellar Development Foundation is currently working on multiple projects and there are over 50 contributors that update the code frequently. [1]

4.5

Product description

info_outline

Stellar’s goal is to make Stellar Lumens a widely used cryptocurrency for everyday purchases and to build a banking platform where one can send money of some fiat currency and let the recipient of the money get another fiat currency (with Lumens as the intermediator). It would work like a transaction from bankaccount (person A) -> bankaccount (person B), but with much lower fees.
The stellar network would need to have access to huge sums of money from different currencies. This could be achieved by working together with banks. However, the banks would lose the revenue from these fees and therefore it might be difficult to get banks to work with the stellar network. [1]

3.5

info_outline

The goal of Stellar is to build a platform where one can send money of a currency and the receiver gets money of another currency. This platform doesn’t exist yet.
There are a few exchanges that have Stellar Lumens as the main currency, but this not the goal of the Stellar Foundation. However, Stellar is building a platform where other DApps can be created and it might have potential.

3.5

info_outline

The Stellar Network cofounders are Jed McCaleb and Joyce Kim. While it’s hard to find many information about Kim, there is a lot to read about McCaleb. McCaleb founded the filesharing program eDonkey2000 which was put down and the company had to pay 30 Billion Dollars in compensation. McCaleb seems to be a competent programmer and created the website MtGox which he later sold, while still holding shares of it. He cofounded Ripple in 2012/2013 and left the team in 2014 to create his own cryptocurrency Stellar Lumen off a Ripple fork. His ethical values might have not always been good and he could be a possible risk factor. [1] [2]

2.0

Pro-Contra

info_outline
Security Being built on the Ethereum basis, Stellar buries not more risk than other ERC20 Currencies.
Adoption Stellar is highly accepted across the Cryptocurrency community.
Transactions per second Stellar is callable to 1000+ transactions per second, but it depends on the hardware that’s used.
Transaction speed 3-5 seconds.
Transaction cost According to the official information, 0,01$ will be enough to make 300’000 transactions .
Enery consumption Stellar is not a mineable cryptocurrency and uses a lot less energy because of the missing competitive mining.
Exchange availability XLM are available on many reputable exchanges
info_outline
Decentralization Stellar has a few main nodes that control and validate the network transactions.
Product availability The main goal of Stellar, is to build a platform for intercurrency transactions and this one is not built yet.
Privacy Stellar Lumen transactions are not anonymous. They are pseudonymous, which means that someone who knows your address can analyse all your transactions.

remove_red_eye Market Review by Coinpaper

3.9

Foresight

info_outline

There’s a fair chance that the Stellar foundation might reach their goal of becoming the intermediaries in the banking world, but they’ve got serious borders to cross and strong competition in this sector.

3.5

info_outline

The Stellar Foundation is currently working on a platform to make transactions with a currency while making the recipient get a chosen currency. Stellar is currently building an ICO Platform for new Coins to be built on top of the Stellar Network

4.0

info_outline

If Stellar gets banks to work with their network, they could potentially become the most important intermediaries for global transactions.

5.0

Business

info_outline

Ripple wants to achieve something similar and is currently working with banks.

4.0

info_outline

One of the advisors for Stellar is the current CEO of Stripe, a big company that processes online payments. [1]
Stellar worked with IBM to create a new blockchain. [2]

4.0

info_outline

The Stellar community is huge and there are over 100’000 subscribers to the official Stellar page on Reddit.

4.5

info_outline

The Stellar Network cofounders are Jed McCaleb and Joyce Kim. While it’s hard to find many information about Kim, there is a lot to read about McCaleb. McCaleb founded the filesharing program eDonkey2000 which was put down and the company had to pay 30 Billion Dollars in compensation. McCaleb seems to be a competent programmer and created the website MtGox which he later sold, while still holding shares of it. He cofounded Ripple in 2012/2013 and left the team in 2014 to create his own cryptocurrency Stellar Lumen off a Ripple fork. His ethical values might have not always been good and he could be a possible risk factor. [1]

2.0

compare_arrows Exchanges

Markets

info_outline
# Exchange Pair Price 24h Volume Trusted
# 1 Binance XLM/USDT $ 0.073120 $ 2,248,026 check
# 2 Binance XLM/BTC $ 0.073045 $ 1,749,970 check
# 3 Coinbase Pro XLM/USD $ 0.071530 $ 898,406 check
# 4 Coinbase Pro XLM/BTC $ 0.072871 $ 397,117 check
# 5 Kraken XLM/USD $ 0.071533 $ 288,276 check
# 6 Binance XLM/ETH $ 0.072945 $ 123,129 check
# 7 Coinbase Pro XLM/EUR $ 0.071749 $ 109,869 check
# 8 Poloniex XLM/BTC $ 0.073045 $ 90,403 check
# 9 Bittrex XLM/BTC $ 0.072784 $ 76,024 check
# 10 Binance XLM/BNB $ 0.073155 $ 75,438 check

add
info_outline

Fast Scroll

Jump to specific section