Like Bitcoin and Ethereum, Stellar relies on blockchain to power the network, but the result is a much faster, cheaper solution. has no owner if anything it’s owned by the public. Stellar is decentralized and isn’t controlled by any third-party, despite the involvement of the Stellar Foundation. Stellar acts as a bridge across multiple currencies so they can all function across the same financial network. Stellar is an open-source network for any type of currencies or payments, even dollars or Bitcoin. Lumens, or XLM, act as the native cryptocurrency asset that powers the Stellar blockchain network. Now, today, Stellar functions as a disruptive solution for cross-border payment, and an option for the unbanked to have access to a store of wealth and means of transfer, all with extremely minimal fees. Stellar Foundation has since received funding from many other partners. Later they formed The Stellar Foundation in close collaboration with Stripe CEO Patrick Collinson, a not-for-profit organization that supports the development and adoption of the Stellar Lumens payment network.Ĭollinson and Stripe supported Stellar with over $3 million in seed funding. McCaleb partnered with lawyer Joyce Kim to launch the project. His early work in the industry is part of what made the space what it is today. Gox and was a co-founder of another altcoin, Ripple. Stellar Lumens was first launched in 2014 by Jed McCaleb, a pioneer in the cryptocurrency space, who is also responsible for founding Mt. After all, it is impossible to do a XLM prediction without understand the market itself.

What is Stellar Lumens (XLM) Coin?Īny XLM forecast will have to begin with an understanding of the coin’s history. XLM price has changed by -0.9% in the last 24 hours. The 24-hour trading volume amounts to $87501072 USD. Today (17 August 2023) Stellar Lumens ( XLM/USD) is trading at $0.1254 per XLM, with a market cap of $3422192776 USD.

Stellar lumen future