Note: This market research report on Stellar is provided by eToro Summary
Stellar is a network for decentralized payments that offers extremely fast transactions with negligible fees and the possibility of exchanging directly between different currencies. With these characteristics, Stellar aims to become a standard solution for banking services and international remittances all over the world.
The mission of Stellar is to implement a blockchain solution that can improve the state of our global financial system by drastically reducing transaction times and costs.
All information is valid as of June 10th, 2018. All feedback is welcome.
Basic Statistics Crypto-asset type: Utility Token Total Supply: 103,926,681,379 XLM Supply: 18,576,319,348 XLM New XLM tokens are released periodically to individuals, partners, and charities. This give away will continue until 95% of the total supply are released (5% is assigned to the Stellar Foundation). Market Capitalization: $6.8 billion Token Economics: Inflationary Asset 100 billion created initially and 1% annual inflation rate since. Protocol: Stellar Consensus Protocol (SCP), implementation of Federated Byzantine Agreement. History
Stellar was created in 2014 by developer Jed McCaleb and technology entrepreneur and attorney Joyce Kim. The former was already one of the main faces in the cryptocurrency sphere after founding Mt. Gox, the most important Bitcoin exchange at the time. After selling most of his stakes at Mt. Gox, which would end up filing for bankruptcy in February 2014, he co-founded Ripple, one of the most well-known cryptocurrencies. Due to differences with the rest of the Ripple team, McCaleb decided to launch a new cryptocurrency inheriting the main structure of his former project and implementing some of his new ideas.
The non-profit Stellar Development Foundation, with the initial support of private
payments company Stripe, released the Stellar network as a blockchain for decentralized payments. Originally, the currency itself was named stellars (with ticker STR) and was then rebranded to Lumens (XLM). Lumens have been given away ever since to individuals in small quantities, to Bitcoin and Ripple holders and to