Cryptocurrency of the Day ( $XLM) 🪙

What is Stellar? 🧐

#Stellaris a decentralized, open-source#blockchainnetwork designed to support low-cost, fast financial transactions. Its goal is to increase access to financial systems by facilitating cross-border payments between individuals and financial institutions. Stellar offers a reliable and energy-efficient solution for digital asset transfers.

Key Features 🛠️

🔹Fast and Low-Cost Transactions: The Stellar network reduces block confirmation times to 5-6 seconds and transaction fees are very low.

🔹Soroban Smart Contracts: Stellar uses a developer-friendly smart contract platform called Soroban. This platform allows developers to build more scalable and low-cost applications.

🔹Financial Integration: Stellar can integrate with real-world financial systems by connecting fiat and digital assets.

🔹Extensive Ecosystem: The Stellar ecosystem continues to grow with a network that offers access in over 180 countries globally. It provides extensive reach, especially through partnerships like MoneyGram.

$XLM Statistics 📊

Price: 0.09172

Market Cap: $2,723,624,532

TVL: $13.7 million

Ecosystem 🌐

Stellar has an ecosystem of various projects, services, and applications that enable the seamless exchange of digital assets. Onramp/offramp systems around the world allow users to convert fiat money into digital assets.