1H
-0.91%$0.0035
24H
1.81%$0.0069
7D
3.78%$0.0141
30D
-10.2%$0.0436
Stellar (XLM) price has dropped 14% over two weeks amid renewed selling pressure and historical August weakness.
Stellar (XLM) is gaining momentum, rising over 5% in 24 hours amid a dramatic uptick in on-chain activity.
The Stellar chain has gradually improved over the past years to enable seamless global payments and RWA tokenization via XLM and its strategic partnerships.
Despite Bitcoin’s 5.24% drop to $93,000, traders are actively discussing and investing in altcoins like The Sandbox (SAND), Stellar (XLM), and Ethereum (ETH).
Heightened crypto cash rotation has increased the overall volatility in the altcoin ecosystem led by Dogecoin (DOGE), XRP, and XLM among others.
Stellar is an open-source protocol for value exchange founded in early 2014 by Jed McCaleb (creator of Ripple and eDonkey) and Joyce Kim, supported by a nonprofit, the Stellar Development Foundation. Being a completely decentralized consensus platform, Stellar, in simple words, is an open-source protocol for exchanging money, which connects people, payment systems, and banks, allowing to not only buy and sell currencies in a foreign exchange, but also to convert currencies seamlessly during transactions.
The network consists of peers that run independently of each other, meaning that Stellar does not depend on any single entity, any of which, by the way, can run a Stellar server. The idea is to have as many independent servers in the network as possible, so that it will run successfully even in case some of servers fail. The consensus process happens at a regular interval of every 2 to 4 seconds.
Like any traditional ledger, Stellar’s one records all the balances and transactions of every single account on the network. A complete copy of the global Stellar ledger is hosted on each server running correspondent software.
Stellar network’s native asset is Lumen. The standard token contributes to the ability to move money around the world and to conduct transactions between different currencies quickly and securely.
Stellar boasts quite a starry board’s and advisory board’s crew, which include Keith Rabois, Patrick Collison, Matt Mullenweg, Greg Stein, Joi Ito, Sam Altman, Naval Ravikant and others.
Have you ever wished that you could earn money while doing something that you love? It is possible with a blockchain-based game called Axie Infinity that allows players to do that. Smooth Love Potion (SLP) is an integral element of the game, and here you will find everything you might need to know about it.
Ethereum merge is a proposed hard fork of the Ethereum blockchain that would combine the main Ethereum chain with the parallel chains of the various Ethereum clients, including Geth, Parity and Hyperledger. The guide below will help you understand how it will happen and why this event is extremely important not only for Ethereun network but also for the whole history of cryptocurrencies.
