Stellar Lumens
| Last updated | 6 hours ago |
| Price per XLM in USD | $ 0.27739566905096 |
| Price per XLM in Bitcoin | 0 |
| Volume over the last 24 hours | $ 300,751,980 |
| Market cap in USD | $ 8,518,234,849 |
| Change in % over the last hour | 1.22064783 |
| Change in % over the last 24 hours | 0.78628358 |
| Change in % over the last 7 days | -3.03730707 |
XLM specifications
| Name | Stellar Lumens |
| Symbol | XLM |
| Minable | No |
| Algorithm | N/A |
| Prooftype | N/A |
| Total coin supply | 50000000000 |
| Premine: | N/A |
Coin description
Stellar Lumens (XLM) is a blockchain-based payment protocol designed to facilitate fast and low-cost cross-border transactions. Unlike many cryptocurrencies, Stellar does not rely on mining; instead, it uses a consensus algorithm called Federated Byzantine Agreement (FBA), which enables quick transaction validation without requiring massive computational resources. This makes Stellar an environmentally friendly option compared to proof-of-work systems.
Stellar Lumens Financial Inclusion Focus
Stellar's mission is to connect individuals, banks, and payment systems through its decentralized network, enabling seamless transfers between fiat currencies and cryptocurrencies. Its partnership with organizations like IBM highlights its potential to serve underbanked populations globally by providing access to affordable financial services. For instance, Stellar has been used to facilitate remittances in regions with limited banking infrastructure, significantly reducing transaction fees and processing times.
In addition to its focus on cross-border payments, Stellar supports the issuance of custom tokens, enabling businesses to create stablecoins or loyalty programs on its network. This versatility has attracted a wide range of use cases, from micropayments to asset-backed currencies. Stellar's emphasis on simplicity and accessibility has made it a popular choice for organizations seeking to integrate blockchain technology into their financial operations without the complexity of other platforms. Keywords like Stellar blockchain payments and low-cost crypto transactions are commonly associated with this project.