Stellar (XLM) is an open-source platform designed to facilitate fast and low-cost value transfers between different currencies, both fiat and digital. It was founded in 2014 by Jed McCaleb, co-founder of Ripple, and Joyce Kim.
Main features:
Decentralization: Operates on a global network of nodes that validate transactions without a central authority.
Low fees: Transactions on the Stellar network have a minimal cost, approximately 0.00001 XLM, facilitating micropayments and low-cost transfers.
Transaction speed: Transactions are confirmed in approximately 5 seconds, allowing for nearly instant transfers.
Utilities:
Cross-border payments: Facilitates fast and low-cost international transfers between different currencies.
Digital asset issuance: Allows institutions to create digital representations of their assets on the Stellar network.
Decentralized exchange: Includes an integrated exchange that allows users to trade different assets directly on the network.
Whitepaper:
The original white paper of Stellar, titled "The Stellar Consensus Protocol: A Federated Model for Internet-level Consensus", is available on its official website.
Annual price evolution of Stellar (XLM):
This is a list with the approximate price of XLM at the end of each year since its launch:
2014: $0.002
2015: $0.001
2016: $0.002
2017: $0.36
2018: $0.11
2019: $0.045
2020: $0.13
2021: $0.27
2022: $0.07
2023: $0.10
2024: $0.19 (as of November 17)
* Nothing to envy from similar projects, it dances to its own music *
