About Stellar

Stellar is a decentralized protocol built on open-source code, designed for transferring digital currencies to fiat money worldwide. Its native cryptocurrency on the Stellar blockchain is called Lumens (XLM). Stellar aims to connect financial institutions with blockchain technology and offer cost-effective transactions, especially in emerging markets. Created in 2014 by Ripple co-founder Jed McCaleb, Stellar shares some similarities with Ripple. Over recent years, Stellar has become a top-performing altcoin with a market cap exceeding $1 billion. While Ripple targets banks and large corporations, Stellar focuses on individuals and small businesses. The network has a wide partner ecosystem, including banks, enabling almost instant currency conversions globally. There is a cap of 50 billion ...