Smart contract capabilities are rendering old-school megalithic crypto projects obsolete as blockchains evolve beyond just being a medium of exchange.
Stellar is a blockchain-based payments network that aims to provide a global, efficient system for digital asset issuance and exchange for individuals and institutions. Its native cryptocurrency is Stellar Lumens (XLM), which is used to pay transaction fees on the network to combat spam and also functions as the bridge currency that provides liquidity to any asset issued on the network by trusted entities called “anchors.”
Originally a fork of the Ripple protocol, Stellar was founded by Jed McCaleb and Joyce Kim in 2014 following internal conflicts in Ripple’s management. The Stellar Development Foundation, initially aided and funded by Stripe CEO Patrick Collison, is dedicated to building and promoting the Stellar network as a more accessible, low-cost system of financial services.
A notable design difference from other blockchains is the Stellar Consensus Protocol, which was introduced in 2015. This system foregoes proof-of-work consensus for a federated system that uses mutual trust among groups of peers, or “quorums,” and scales this trust across the network to achieve consensus.
Bitcoin’s steady climb toward new highs is bringing about the usual breakout from legacy altcoins like LTC, BCH and XLM.21900
Demand for institutional-grade blockchain solutions is on the rise as banks and traditional financial institutions look to invest in cryptocurrencies.15021
Data from Delphi Digital shows holding BTC and ETH was more profitable than investing in weighted average market cap crypto and DeFi index funds.36441
Airtm is aiming to solve a myriad of financial challenges in Latin America tied to last-mile remittance, affordability and equitable access to the global banking system.7236
One has introduced smart contracts and is the fabric of decentralized finance, the other is... a meme.11770
Bitcoin price remains under pressure but select altcoins like XRP, DOT, XLM and SOL are showing signs of resuming their uptrend.96910
Elon Musk revealed that Tesla will halt all BTC transactions due to environmental concerns, with the firm set to look at more energy-efficient cryptocurrencies.104990
XRP price rallied more than 30% as retail traders rotate into "cheaper" altcoins and investor sentiment turns positive after Ripple's recent legal victories against the SEC.67106
XRP, Stellar and XinFin see tremendous growth as enterprise solutions that offer cross-border solutions and serve the unbanked gain traction.50463
Altcoins continue to press higher while Bitcoin bulls work on holding the $60,000 level as support.93011
Traders appear to be waiting for a trigger to start the next leg of Bitcoin's uptrend and if that happens, XLM, MIOTA, XMR and XTZ could join the party.58055
Ledger and Shopify are facing a class-action lawsuit over sensitive information regarding 270,000 of Ledger’s customers that was stolen by Shopify employees.18232
Now that Bitcoin price has flipped $50,000 back to support, small and large-cap altcoins are gearing up for a move higher.50836
Bitcoin and most major altcoins are witnessing strong buying at lower levels, indicating the start of a relief rally.57346