What is Stellar ? | All about Stellar in Short | Crypto Currency Stellar

What is Stellar?

Stellar is a decentralized, blockchain-based payment protocol on open-source code to transfer digital currency to fiat money domestically and across borders. The Stellar blockchain's cryptocurrency is called the lumen, a token that trades under the symbol XLM.

When was Stellar invented ?

Stellar was launched in 2014, by Jed McCaleb who is also a co-founder of ripple and founder of Mt. Gox and by lawyer joyce kim.

Importance of Stellar?

Stellar was built with the average user in mind and for those in developing countries. Through simple, quick and low-cost transactions, this platform provides access to the global economy. Banks can use Stellar as they were each designed for specific users to provide a more efficient experience to their target markets.

Future of Stellar ?

According to experts at Digital Coin Price, Stellar is a good investment as it could have a trading price of $0.9830 by the end of 2021. Some predict Stellar might reach $5, looking at the current rate of adaptability. But If take realistic approach, according to conservative analysis, some believe Stellar will surely touch the $1 mark by 2025.

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