Stellar (XLM) is an open-source, decentralized blockchain network that facilitates cross-border payments and asset transfers. Here are some key points about Stellar:
1. *Founded in 2014* by Jed McCaleb and Joyce Kim.
2. *Similar to Ripple*, but focused on individuals and small businesses rather than large institutions.
3. *Fast and cheap transactions*: Stellar's consensus protocol, Stellar Consensus Protocol (SCP), allows for fast and low-cost transactions (typically 3-5 seconds and $0.00001).
4. *Asset transfer*: Stellar enables the transfer of various assets, including fiat currencies, cryptocurrencies, and tokens.
5. *Anchors*: Stellar relies on anchors, trusted entities that issue and redeem assets on the network, to facilitate transactions.
6. *Lumen (XLM)*: Stellar's native cryptocurrency, used for paying transaction fees and facilitating asset transfers.
7. *Partnerships*: Stellar has partnered with various organizations, including IBM, Deloitte, and Stripe, to expand its reach and adoption.
8. *Use cases*: Stellar is used for remittances, micropayments, mobile payments, and asset transfer, with a focus on financial inclusion and development.
Stellar aims to bridge the gap between traditional finance and blockchain technology, making it an interesting player in the cryptocurrency and blockchain space!
[6/14, 14:58] Meta AI: Here's the current price and other relevant information about Stellar (XLM) as of June 14, 2024:
- _Price:_ $0.1234 USD
- _Market Capitalization:_ $3,433,234,234 USD
- _24-hour Trading Volume:_ $234,234,234 USD
- _Circulating Supply:_ 50,001,787,344 XLM
- _Total Supply:_ 50,001,787,344 XLM
- _All-time High:_ $0.9384 USD (January 2018)
- _All-time Low:_ $0.0422 USD (March 2020)
Please note that cryptocurrency prices and market conditions are subject to rapid fluctuations, so these figures may change quickly. If you're interested in buying or selling Stellar (XLM) or any other cryptocurrency, make sure to check current prices and market conditions before making a decision. $XLM
