• Stellar was founded in 2014 by Jed McCaleb and Joyce KimStellar
• Stellar works on the Byzantine agreement system.
• Stellar All time high price is $0.896227
Stellar Lumens (XLM) was founded in early 2014 by Jed McCaleb and Joyce KimStellar. Stellar is a platform that connects banks, payments systems & people. It’s is an open-source, distributed financial intermediary that connects widespread financial systems through a single shared asset. Stellar runs a network of decentralized servers with a distributed ledger that is updated every 2 to 5 seconds around all the nodes. Once a transaction is approved by all nodes within this set, then it is considered approved. The shortened process has made Stellar's network extremely fast and it is said to process as many as 1,000 network operations per second. With a team of top technology and finance professionals, the non-profit Stellar Organization expands access to low-cost financial services to fight remittance issues to under-developed countries and maximize individual potential.XLM has had an interesting trading history, to say the least.
The coin experienced around a 5x increase in value at the end of 2014. It wasn’t until May 2017, that things really started to turn around for the coin. Later, the price skyrocketed from $0.00547 to just over $0.047 in 4 days.
Stellar has partnered with Chain and IBM to facilitate the existing financial institutions with their payment systems. IBM is responsible for processing 97% of the world baking transactions.