Stellar
XLM
$0.211843
Current Price
+7.22%
24h Change
Info
XLM
Symbol
$10.59B
Fully Diluted Valuation
$7.40B
Market Cap
20
Market Rank
50.00B
Total Supply
$484.04M
Total Volume
$0.219762
24h High
$0.196989
24h Low
About Stellar
Stellar (XLM) is a blockchain-based platform designed to facilitate fast, low-cost cross-border payments, aiming to bridge the gap between traditional financial systems and the world of cryptocurrencies. Its core mission is to enable seamless, efficient, and accessible financial transactions for individuals and businesses globally. By addressing the inefficiencies of current financial infrastructure, Stellar seeks to empower the underbanked and foster financial inclusion. The network's open-source nature allows for the integration of a wide array of financial services, making it a versatile tool for remittances, micropayments, and more. Technologically, Stellar stands out with its unique consensus protocol, the Stellar Consensus Protocol (SCP), which enables decentralized control, low latency, and flexible trust. Unlike traditional proof-of-work or proof-of-stake systems, SCP leverages a quorum slice mechanism to achieve consensus, enhancing scalability and transaction speed. Stellar's ecosystem is robust, supporting numerous real-world applications, from cross-border payments to tokenization of assets. Its partnerships with major financial institutions and tech companies, such as IBM, bolster its market position and credibility. Stellar's active developer community continuously contributes to its ecosystem, fostering innovation and expanding use cases in decentralized finance (DeFi) and beyond. This positions Stellar as a pioneering force in the ongoing evolution of the global financial landscape.
Start trading Stellar (XLM) on Backpack Exchange with competitive fees and advanced trading tools.
FAQ
Information on this page is provided for informational purposes only and does not constitute investment advice. This is not a recommendation to buy or sell any digital asset or to employ any particular investment strategy. Backpack makes no representation as to the accuracy, suitability, or validity of the information provided.
Certain content is sourced from third parties not affiliated with Backpack. Backpack is not responsible for such content, nor is it liable for any errors, delays, or actions taken in reliance on it. Prices and data are for illustrative purposes only and may differ from actual market values. Digital assets involve significant risk and can fluctuate substantially. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition, and consult your own professional advisors for legal, tax, or investment guidance.
Buy Stellar with the Backpack App
Download Backpack to buy, sell and manage your crypto on the go
Top Movers
