We present a complete guide to understanding Stellar Lumens Crypto and it’s technology in the field of cryptocurrency development. We include helpful explanations, illustrated guides, historical data, and technical details. This article is brought to you by Digital Financial Market
Last Updated: 2/24/2022
Stellar Lumens (XLM) Cryptocurrency
Stellar Lumens is a blockchain network that is built for decentralized smart contracts, banking, and transactions. Stellar is not a fork of Ripple (XRP), but is largely based on the code of Ripple.
Built to be its own decentralized exchange, or DEX, Stellar and the Stellar Software Development Kit (SDK) has features that allow the creation of order books, transaction software, and smart contracts.
Key Points of Stellar
- Based on the Ripple (XRP) Cryptocurrency
- Built specifically for Decentralized Finance Features
- Intended to be adaptable for Foreign Currency Transactions
Stellar Lumens Price Chart
Stellar (XLM) Historical Price Chart
History of Stellar Crypto
Stellar was created by Ripple (XRP) Co-founder Jed McCaleb. In 2013, Jed left his position as chief technology officer (CTO) of Ripple to start his new project named Stellar Lumens.
In addition to the creation of the Stellar blockchain network, Jed McCaleb founded the Stellar Development Foundation with executive team members Joyce Kim, Denelle Dixon, and David Mazieres.
The Stellar Network had a protocol upgrade in 2015 that further digressed from the Ripple code. This upgrade sought to address the Byzantine mathematical principles, such as Byzantine Fault-Tolerance and a decentralized voting consensus.
One of Stellar’s most notable achievements was in 2018 when technology giant IBM created a software payments program called World Wire using the Stellar Network.
Stellar Lumens FAQ
What is Stellar Crypto?
What is Stellar Lumens?
What is Stellar Blockchain?
What is XLM Crypto?
What is Unique About Stellar Crypto?
How To Use Stellar Crypto
Stellar Crypto Analysis
Stellar Lumens Cryptocurrency
Image Source: Stellar Lumens XLM Price Prediction – Crowdwisdom.live
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