Lost in the news of Coinbase Earn’s Stellar giveaway, which will distribute over 1 billion XLM to investors in exchange for watching educational videos, is the commitment put forth by the Stellar Foundation to tackle...
The money remittance business has proven to be extremely lucrative, especially in recent years where fintechs have proven their ability to offer solutions that are much more efficient and cost-effective than traditional money transfers through...
Stellar was recently in the spotlight after it has been announced that Western Union is working with Stellar collaborator Thunes in order to allow its clients to transfer funds directly to mobile wallets all over the world. Thunes became TransferGo which has already teamed up with Stellar to try blockchain-powered settlements. Trust Wallet integrates Stellar … Continue reading "Stellar Adoption Increases: Trust Wallet Integrates XLM"
Late last year, Coinbase launched Coinbase Earn, which rewards people for educating themselves about cryptocurrency. Basically, you watch videos explaining […]
Not too long ago, we were reporting that Western Union continues to test Ripple’s solutions for a potential partnership. During the World Economic Forum in Davos, Western Union’s CEO Hikmet Ersek provided the latest update regarding a partnership with Ripple. According to him, the company is not done yet exploring whether Ripple’s solutions can enhance the … Continue reading "Western Union Will Use Stellar (XLM) To Allow Transfer Of Funds To Mobile Wallets"
Stellar, the blockchain that intends to become a decentralized alternative for interconnecting banks and institutions, has had an outstanding performance during the last few weeks, not only from technical indicators but also at the level...
On Monday, IBM announced the launch of World Wire, a real-time global payments system built on the Stellar network. This […]
Stellar’s native coin XLM has recently surged by 11% in a few hours following IBM’s move of signing up to 6 banks to use the digital asset for cross-border remittance payments. Following the great news of IBM’s banking partnerships to use XLM and issue stablecoins, the XLM crypto saw a surge a couple of days … Continue reading "Stellar (XLM) Surges After Becoming A Direct Rival To SWIFT "
I know that I am at my very best when my work has a purpose, and when I’m pushing for […]
As you know from our 2019 Roadmap, we’re hard at work revamping stellar.org. A big piece of that work has […]
Here it is, without further ado: our current plan for 2019. We have a lot of projects we’re working on […]
What is the Stellar Lumens ?
- Stellar (XLM) is a completely decentralized consensus platform, designed to support any type of currency. It has a decentralized purse that can be used to trade any type of currency or asset.
Since the Stellar lumens network does not use mining technology. All tokens exist at the start of the network. The majority of them are held by the non-profit foundation Stellar.org.
Stellar.org distributes the coins as follows:
50 billion XLM: to be given in small quantities to as many people as possible.
25 billion XLM: to be given to other companies and non-profit organizations to reach people that stellar.org would not otherwise be able to reach through the direct registration program.
20 billion XLM: to give to holders of bitcoins and XRP (see Ripple)
5 billion XLM: retained by Stellar. org for operations.
Stellar allows you to send any currency you hold to someone else in a different currency through the integrated decentralized exchange. People can receive any currency through an anchor they have added.