- Category: Cryptocurrency
- Coin Launched: July, 2014
- Resources: White Paper
- Official Website: Stellar
- Reddit: Stellar
The Stellar network is an open source, distributed, and community owned network used to facilitate cross-asset transfers of value. Stellar aims to help facilitate cross-asset transfer of value at a fraction of a penny while aiming to be an open financial system that gives people of all income levels access to low-cost financial services.
STELLAR History / Information / Buying / Staking
Stellar is an open-source, peer-to-peer digital currency network that emerged in 2015. The network was founded by current chief architect Jed McCaleb, former lawyer Joyce Kim, who has since left Stellar and current chief scientist David Mazières. The idea behind the network is to make it easier and faster for people to send different types of currencies around the world. It can also provide banking services and liquidity for people who can’t access traditional banking services.
HOW STELLAR WORKS
Stellar is both a distributed payments network focused on fast and affordable cross-border transactions and a platform for hosting ICOs. Founded in 2014, the Stellar network also has its own digital currency unit, the Lumen (XLM), which is essential for making international payments and conducting quick transactions between different currencies.
BENEFITS OF USING STELLAR
Some of the benefits of using Stellar are:
MULTI CURRENCY SUPPORT
EXTREMELY LOW TRANSACTION FEES
CAN YOU STAKE STELLAR
Staking is currently unavailable for Stellar.
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