Official Website: https://www.stellar.org/
Stellar is an open network which allows money to be moved and stored. At its genesis in July 2014, one of its first objectives was to boost financial inclusion by reaching the world’s unbanked. However, its priorities subsequently moved to assisting financial firms by helping them to connect with each other through blockchain technology.
The token that is native to the stellar network is lumens. Lumens works as a bridge which makes it less expensive to trade assets across borders. The aim of these features is to confront existing payment providers as they are known to charge high fees for a similar service.
Stellar is also unique in the fact that not many blockchain projects have been able to obtain partnerships with big-brand technology companies and fintech firms. Previously, Stellar and IBM had teamed up to launch World Wire, which was a project that granted larger financial institutions the ability to submit transactions to the Stellar network and transact using bridge assets such as stablecoins.
Jed McCaleb initially created Stellar with the lawyer Joyce Kim after he had left Ripple in 2013 after they had disagreements about the company’s future path and prospects. His original goal, that he envisioned when he founded Stellar, was to make certain that Stellar could give people a way of moving their fiat into crypto — and remove the friction that people typically encounter when they are sending money around the world.
McCaleb, at this time, works as the CTO of Stellar, as well as the co-founder of the Stellar Development Foundation. The foundation is a not-for-profit organization which aims to unravel the global economic potential. They intend to do this by making money more fluid, markets more open, and people more empowered.
The Stellar Development Foundation has employed technologists, scientists, designers, and businesspeople, all of whom are committed to constructing a more inclusive worldwide marketplace.
The Stellar Development Foundation’s aim and vision for 2020 is to accelerate towards ending the year with an ecosystem that is completely supported for global payments. The roadmap below outlines what they need to achieve for this vision and is supported by three strategic pillars.
Support Robustness and Usability of Stellar by making it safe and easy to build on Stellar.
In order to ensure Stellar is usable, scalable, secure, and sufficiently robust enough to sustain all existing and future use cases, and to expand decentralization and network trust, SDF will emphasis attracting and maintaining brand new stakeholders and high-quality validators.
Be the Blockchain People Know and Trust by establishing SDF on the global stage.
To be able to support and market the Stellar network and the ecosystem to all audiences, there will need to be a co-operative effort from all partners and associates. This means the developers, businesses, regulators, policymakers, and consumers and SDF will be increasing brand awareness and visibility, which will establish Stellar as the blockchain people know and trust.
Foster and develop sustainable Stellar use-cases enabling cross-border payments and securitized assets.
For them to produce products and services that will be built on Stellar and contribute to long-term growth and sustainability of the network, SDF will be fostering use cases that have clear value for end users and be able to show a path to a viable business model.
Trust wallet is a wallet that can hold a wide variety of cryptocurrencies such as Stellar making it highly desirable for users who wish to have a varied portfolio. Being owned Binance, it also a very trusted wallet in the crypto community.
Leading hardware wallet providers such as Ledger are integrated with Stellar and XLM wallets will come as standard on their devices.
Exodus can also store Stellar and various other cryptocurrencies. Exodus is free and easy to use and can be downloaded to either a desktop or mobile device. Exodus will then be tied to whichever device it has been downloaded to which will also be the device you will use to access and manage your crypto assets.
You can Buy & Sell Stellar (XLM) by heading over to the Buy Coins page of our website. Stellar (XLM) is available on BC Bitcoin trading against major fiat currencies: GBP and EUR. Buying XLM has never been easier, simply place your order and provide your wallet address.
Once your payment arrives XLM will be sent directly to your wallet. If you choose to Sell Stellar (XLM) you can send us the coins and receive a payment to your bank account. Details and valuation can be found on the ‘Sell Coins’ page.
Disclaimer: The information provided in this article is intended for informational purposes only. It is the reader's responsibility to complete their own research and due diligence.