logo
XLMUSD Price History

XLM Price Live Data

The live Stellar price today is $0.12118 USD with a 24-hour trading volume of $228,169,523.62251 USD. We update our XLM to USD price in real-time. Stellar percentage is 5.14% in the last 24 hours. The current market cap of XLM is $3,077,089,611.93 USD.

If you would like to know where to buy XLM at the current rate, the top cryptocurrency exchanges for trading in XLM stock are currently Binance, Bybit, FTX, OKX, and BitCoke.

About Stellar

The Stellar network is an open source, distributed, and community owned network used to facilitate cross-asset transfers of value. Stellar aims to help facilitate cross-asset transfer of value at a fraction of a penny while aiming to be an open financial system that gives people of all income levels access to low-cost financial services. Stellar can handle exchanges between fiat-based currencies and between cryptocurrencies. Stellar.org, the organization that supports Stellar, is centralized like XRP and meant to handle cross platform transactions and micro transactions like XRP. However, unlike Ripple, Stellar.org is non-profit and their platform itself is open source and decentralized. Stellar was founded by Jed McCaleb in 2014. Jed McCaleb is also the founder of Mt. Gox and co-founder of Ripple, launched the network system Stellar with former lawyer Joyce Kim. Stellar is also a payment technology that aims to connect financial institutions and drastically reduce the cost and time required for cross-border transfers. In fact, both payment networks used the same protocol initially. Distributed Exchange Through the use of its intermediary currency Lumens (XLM), a user can send any currency that they own to anyone else in a different currency. For instance, if Joe wanted to send USD to Mary using her EUR, an offer is submitted to the distributed exchange selling USD for EUR. This submitted offer forms is known as an order book. The network will use the order book to find the best exchange rate for the transaction in-order to minimize the fee paid by a user. This multi-currency transaction is possible because of "Anchors". Anchors are trusted entities that hold people’s deposits and can issue credit. In essence, Anchors serves as the bridge between different currencies and the Stellar network. Lumens (XLM) Lumens are the native asset (digital currency) that exist on the Stellar network that helps to facilitate multi-currency transactions and prevent spams. For multi-currency transactions, XLM is the digital intermediary that allows for such a transaction to occur at a low cost. In-order to prevent DoS attacks (aka spams) that would inevitably occur on the Stellar network, a small fee of 0.00001 XLM is associated with every transaction that occurs on the network. This fee is small enough so it does not significantly affect the cost of transaction, but large enough so it dissuades bad actors from spamming the network. Prior to Protocol 12, Stellar had a built-in inflation mechanism conceived to allow account holders to collectively direct inflation-generated lumens toward projects built on Stellar. As the network evolved and grew, it became increasingly clear that inflation wasn’t working as intended — account holders either didn’t set their inflation destination or joined inflation pools to claim the inflation themselves, and the operational costs associated with inflation payments continued to rise — and so a protocol change to disable inflation was proposed, implemented, voted on by validators, and ultimately adopted as part of a network upgrade. The inflation operation is now deprecated. https://developers.stellar.org/docs/glossary/inflation/

Official Forum Stellar

https://galactictalk.org/

Official Forum Stellar

https://galactictalk.org/

XLMUSDT Price Statistics

XLM Price Today
XLM Price $0.12118
Price Change 24h 5.14%
Trading Volume 24h $228,169,523.62
Market Cap $3,077,089,611.93
Today XLMUSD Price Updates. Just Trade Signals provides live rates, charts, technical indicators, and price history of XLMUSD and other cryptocurrencies
XLMUSD price
XLMUSDT price updates
XLMUSD value
XLMUSD chart
XLMUSD price history
XLMUSDT value
XLMUSDT price
crypto
cryptocurrencies

Recent Post

Cryptocurrency News