In the last 48 hours, the crypto markets have provided an exciting time for traders across the world. Late Sunday found the total market capitalization standing at $121.7 Billion. The total crypto market cap has...
Traditional finance seems to be penetrating the crypto space. After Visa and JP Morgan, Mastercard is now starting to build on the blockchain after teaming up with Stellar. Token.io works with Mastercard Token.io Limited revealed that they had been chosen by Mastercard – which processes 3.4bn transaction every day – to develop an “open banking … Continue reading "Mastercard Teams Up With Stellar And Starts Building On The Blockchain"
News reaching Ethereum World News indicate that the largest cryptocurrency exchange in Canada, Coinsquare, has recently acquired the StellarX decentralized exchange. The team at StellarX made the announcement via medium and stated that they will still continue with the roadmap outlined back in September of last year. The team at StellarX have stated that the […]
Axel Springer SE and SatoshiPay recently announced a partnership that will allow users to pay for digital content published by Axel Springer SE with cryptocurrency stored in the SatoshiPay wallet. AxelSpringer SE is Europe’s largest digital content company. Its revenues in 2017 exceeded 3.5 billion Euros. The company manages a portfolio of brands that includes […]
IBM, the US hardware, software, computing and cloud-based service provider is hiring an Offering Manager under its Blockchain Financial Services Solutions department to work with the Stellar Ledger according to the latest LinkedIn post. The corporate laid out the function of the new team member saying: “This role will assist in providing Offering Management expertise […]
The crypto market is in the red today, but we're really already used to this. The important thing is that significant moves are still being made in the top 10 coins. Tron (TRX) is rallying like crazy since December 2018. TRX surpasses Stellar (XLM) TRX managed to jump 130% since the last month of 2018 … Continue reading "Tron (TRX) Surges 130% And Surpasses Stellar (XLM) As The Coin Jumps On The 8th Spot – BTT Gets Integrated Into BitTorrent Today"
The team at QtumX, an Enterprise blockchain solution developed by Qtum, announced on January 22 that they had successfully passed the 10k TPS barrier in stress tests. The team mentioned that in addition to achieving this critical amount of processed transactions, it should also be noted that the blockchain implemented efficient management of resources, avoiding […]
Many have wondered what exactly could save the crypto markets and the responses usually vary between institutional money and the Bakkt platform. Institutional money is seen as the crypto savior, and the coins are waiting to be rescued from the bearish trend that took control of the markets for so many months now. But as you … Continue reading "Gate.io, The First Exchange To Launch A Perpetual Futures Contracts, Adds Monero (XMR) And Stellar Lumens (XLM) To The Product"
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Marcus Hughes, the United Kingdom lead counsel for […]
Latest Cardano News Wyoming may be dry, cold and with cheap power but that’s where Cardano will call home. Their shifting from Japan and establishing bases here comes at a time when the state better known for their allowing businesses to pay 16 types of taxes with crypto—via BitPay and their openness—the state has more […]
The 7th Stellar Build Challenge has officially concluded! This has been a very exciting challenge to follow and for good […]
Ecosystem Updates The Shariyah Review Bureau (SRB), a leading international Sharia advisory agency licensed by the Central Bank of Bahrain, […]
The Stellar Development Foundation’s founding mission is to promote global financial access and inclusion. By building public, open-source software, we […]
Jed said in the first build challenge announcement: “The build challenge is simple by design: it’s an experiment to find […]
Confusion. Disorder. Darkness. Without form. Without meaning. For unbroken millennia, seemingly forever, all creation is but a roiling emptiness—all existence, […]
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.