Stellar is an open-source, decentralised payment protocol founded in 2014 by Jed McCaleb \u2014 co-founder of Ripple \u2014 and Joyce Kim, with development overseen by the non-profit Stellar Development Foundation. The network is designed to facilitate fast, low-cost cross-border payments and asset transfers, particularly for underserved populations in emerging markets. Stellar’s consensus mechanism, the Stellar Consensus Protocol, relies on a federated Byzantine agreement model where participants select trusted validators, confirming transactions in three to five seconds at fees measured in fractions of a cent.<\/p>\n
XLM, known as Lumens, is the native token of the Stellar network. It pays transaction fees, acts as a bridge currency in multi-currency transfers when no direct pair exists, and each account must maintain a small XLM reserve to prevent spam. The Stellar network supports the issuance of custom assets \u2014 including fiat-backed stablecoins and tokenised securities \u2014 allowing it to function as an asset exchange layer. Notable integrations, including with MoneyGram, have shaped XLM’s visibility. The Foundation manages a substantial XLM treasury used to fund ecosystem development.<\/p>\n","protected":false},"excerpt":{"rendered":"
Stellar is an open-source, decentralised payment protocol founded in 2014 by Jed McCaleb \u2014 co-founder of Ripple \u2014 and Joyce Kim, with development overseen by the non-profit Stellar Development Foundation. The network is designed to facilitate fast, low-cost cross-border payments and asset transfers, particularly for underserved populations in emerging markets. Stellar’s consensus mechanism, the Stellar \u2026<\/p>\n","protected":false},"featured_media":0,"template":"","meta":{"tmp_coingecko_id":"stellar","tmp_symbol":"XLM","tmp_rank":0,"tmp_chain":"","tmp_ticker":"","tmp_pair":"","tmp_yahoo_symbol":"","tmp_faq":"[{\"q\":\"How does Stellar differ from Ripple's XRP Ledger?\",\"a\":\"Stellar and XRP Ledger share architectural roots, as Jed McCaleb co-founded Ripple before starting Stellar. However, Stellar is governed by a non-profit with an open participation model and focuses on individual cross-border payments and financial inclusion, while XRP Ledger targets institutional corridors. The two are now distinct codebases with separate communities.\"},{\"q\":\"What is the Stellar Consensus Protocol?\",\"a\":\"SCP is a federated Byzantine agreement system where each participant chooses a set of others it trusts, forming overlapping quorum slices. Agreement is reached when a sufficient fraction of trusted validators converge on the same transaction set. It avoids proof-of-work energy use and achieves fast finality without a central authority.\"},{\"q\":\"What role do stablecoins play on Stellar?\",\"a\":\"Stellar supports custom assets, and regulated stablecoins including USDC operate on the network, allowing dollar-equivalent value to move across borders quickly and cheaply. When no direct pair between two assets exists, XLM can serve as an automated bridge currency within a single transaction.\"},{\"q\":\"What are the main risks associated with XLM?\",\"a\":\"XLM's utility depends on adoption of Stellar for real-world payments, which has developed slowly relative to early projections. The Foundation holds a large portion of supply, and disbursements affect circulating dynamics. Stellar faces competition from newer payment chains and traditional upgrades such as ISO 20022. Regulatory scrutiny of cross-border crypto payments is ongoing.\"}]"},"class_list":["post-1000047","coin","type-coin","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/dev.themarketperiodical.com\/ru\/wp-json\/wp\/v2\/coin\/1000047","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dev.themarketperiodical.com\/ru\/wp-json\/wp\/v2\/coin"}],"about":[{"href":"https:\/\/dev.themarketperiodical.com\/ru\/wp-json\/wp\/v2\/types\/coin"}],"wp:attachment":[{"href":"https:\/\/dev.themarketperiodical.com\/ru\/wp-json\/wp\/v2\/media?parent=1000047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}