Stellar
Name
Stellar
Summary
Stellar is a decentralized network that allows anyone to send and receive money.
It was founded by Jed McCaleb and Joyce Kim in 2014
Stellar uses its Stellar consensus Algorithm that comprises four main properties-"Decentralized control, low latency, flexible trust, and asymptotic security."
Rating
Symbol
XLM
Overview
Stellar is an open-source payment network that acts as a distributed intermediary blockchain for global financial institutions and distributes the Stellar Lumens native currency (XLM). Anyone can create new assets on the Stellar blockchain and swap them for other assets using the built-in asset exchange functionalities. Assets on Stellar are issued and redeemed by anchors, trusted entities that give digital credits on the Stellar network in exchange for asset deposits. Anchors allow real-world assets to be traded on Stellar by utilizing a distributed exchange that keeps track of the order book for every asset pair.
Historical Price Movement (in INR)
Technology
Steller employs the Stellar blockchain consensus mechanism, which is called Stellar Consensus Protocol (SCP), an implementation of the Federated Byzantine Agreement (FBA).
Ripple pioneered the FBA, a relatively new consensus method. The SCP is the first FBA blockchain system that can be proven safe.
Use of Native tokens in the ecosystem
Lumens, the network's native token, acts as a bridge, making cross-border asset trading more affordable. This is intended to put pressure on conventional payment providers, who frequently demand exorbitant prices for similar services.
Founders and Project
46%
Premined rewards and Airdrops
52%
Investors
2%
Volume (As of 3rd April, 2022)
$287,757,558
Total Supply
50001787970
Circulating supply
24.72B XLM
Crowd Sales
Stellar Development Foundation has raised $3 million in one round of investment.
Funding
1/08/2014: Seed Round- $3M
Country
USA
Name of Organization
Stellar Development Foundation
Year Incorporated
2014
Registered Address
San Francisco, CA 94102, US
Dispute Resolution and Governing Law
USA
Country Risk Assessment
A1
Founding Team
| Name | Designation | Education | Experience |
| Jed McCaleb | Co-Founder | NA | 21 yrs |
| Joyce Kim | Co-Founder | Cornell University: Bachelors | 15 yrs |
Whitepaper 
