Stellar XLM

Stellar XLM

It may be difficult to swap between many different assets seamlessly. It takes too long to change Bitcoin for gold or Nigerian Naira to Ethereum (unless you are trading with FBS). Stellar tries to solve this puzzle.

What is Stellar?

Stellar (XLMUSD) is an open-source network designed to unite the world’s financial system on a single network. Just like all decentralized cryptocurrencies, Stellar has no single owner. Instead, it’s owned by the public. Compared to typical blockchain-based systems, Stellar developers made the network fast, cheap, and energy-efficient.

Does Stellar have its blockchain?

Stellar is built on decentralized blockchain technology. This network maintains a high level of security. XLM holders must have at least one token to remain active on the web. Stellar has its own currency called lumens to transfer value across the network.

What are Stellar lumens?

Lumens are an internal currency of a Stellar network. People use them to pay transaction fees and to activate their accounts. The minimum balance per account should be one lumen, and the minimum per-transaction fee is 0.00001 lumen. Stellar implemented this mechanism to get rid of measuring issues. Stellar developers want to create a universal system for digital money. Thus, the network doesn’t prefer any particular currency except lumens. Now, there are 4.3 million Stellar accounts, and each of them uses lumens to meet balance requirements and pay transaction fees.

Is Stellar better than XRP?

Ripple (XRPUSD) is another crypto created to transfer money between users. The difference between them is that Ripple works mainly for banks and financial institutions. On the other hand, Stellar aims at the general public. Also, there are rumors about the so-called ISO20022, which is a next-generation standard for data interchange between financial institutions. Both Ripple and Stellar are there so we wouldn’t call them rivals. They’re more like two sides of the same coin, offering value transfers across the globe.

What is the difference between Stellar and Ethereum?

Ethereum offers a wide variety of use cases with smart contracts. On the other hand, Stellar is a payment system and not an Internet computer.

You can read more about Stellar on the official website https://www.stellar.org/.

Back

2022-05-24 • Updated

Frequently asked questions

  • How to trade cryptocurrencies?

    At FBS, you can trade 100+ crypto assets 24/7. When trading cryptocurrencies you don’t actually own the coins, so you are free to speculate on price movements. You can go long (buy) if you think the cryptocurrency will rise in price, or short (sell) if you think it will fall. Read our daily cryptocurrency market analysis to make profitable deals.

  • Can a beginner earn on trading crypto?

    Trading crypto may be risky, but it is also potentially highly profitable. You just need to find the right approach. For example, cryptocurrency analysis can be of great help. You can follow the crypto events and stay updated about fresh market opportunities. Also, you will find here strategies for crypto trading.

  • Is there a demo crypto trading?

    If you want to try out crypto trading, a demo can be a good option. FBS broker has a Demo Crypto account with 10K USDT to practice and test trading strategies. The account offers more than 100 crypto assets, and it is fully risk-free. A trading demo is an excellent opportunity for beginners and pros to grow skills and decide if crypto trading is for them.

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera