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Stellar (XLM)

Stellar (XLM) is a virtual currency that provides fast and low-cost international money transfers. This article explains the features, benefits, use cases, and potential of Stellar in an easy-to-understand manner for beginners, as well as the risks and cautions of investing in Stellar.

Stellar (XLM) Stellar Lumens: Virtual currency for fast, low-cost international money transfers

Table of Contents

What is Stellar (XLM)?

Background and Purpose of Creation: Innovations for Financial Inclusion

Stellar (XLM)

Stellar was founded in 2014 by Jed McCaleb, co-founder of Ripple The company was founded by At the time, international money transfers were challenged by high fees, long processing times, and complicated procedures. According to World Bank data, as of 2013, approximately 2 billion of the world's adults did not have a bank account.

Stellar solves these issues and more,Allows people around the world to move funds more quickly and at lower costAs andExpand access to financial servicesIt was developed with the aim of

Stellar Development and Impact
  • stellar
  • Stellar
    (XLM)
  • Price
    $0.483
  • Market Cap
    $14.69 B

Stellar Lumens (XLM) Role: Underpinning the Foundation of the Network

Stellar Lumens (XLM)

Stellar Lumens (XLM) is the native currency of the Stellar network.

  • Transaction fees paid:. A small amount of XLM is required as a commission when trading on the Stellar network. This allows the network's spam や DDoS Attacks preventing the
  • Access to the network: (1) Holding XLM allows you to access the Stellar network and use its features.
  • Asset Exchange:. XLM is used to exchange different currencies and assets. intermediary currency The user can then use it as a This allows users to use the direct exchange Currency pairs that are difficult to exchange can also be exchanged via XLM.

Stellar Features and Benefits: Advantages over Existing Systems

  • Fast transaction processing The Stellar Consensus Protocol (SCP) allows for a per-transaction 3-5 seconds The process is completed in This is compared to traditional international money transfer systems,much higher speed It is.
  • Low cost Very low transaction fees,Approximately 0.00001 XLM per transaction It is. This is compared to traditional international remittance systems,Significant cost reductions The company will realize the following.
  • Decentralized Exchanges:. Stellar's decentralized exchange (DEX) allows users to Without an intermediary. Different currencies can be exchanged directly. By this,Transaction fees can be further reduced.
  • Smart Contracts:. Stellar is, Turing Complete Smart Contracts It supports functions to build complex financial transactions and applications.
  • High scalability The Stellar network is,Thousands of transactions per second can be processed. This is,Large Volume Transactions This means that it can also accommodate applications that need to process
  • Security: (1) SCP is, Byzantine Fault Tolerance (BFT) and provides a high level of security. This allows for,Network stability and User assets is protected.
  • Open Source:. Stellar is an open source project, which means that anyone can view the code and contribute to its development. This allows,transparency is high,Community Development is facilitated by
  • Interoperability Stellar is focused on interoperability with other blockchains and systems. This allows for,Between different platforms The system facilitates the movement of assets and the exchange of information in the
Features of the Stellar Network

2. how Stellar works technically

Distributed Ledger Technology (DLT): Highly Reliable Infrastructure

Distributed Ledger Technology (DLT)

Stellar is based on distributed ledger technology (DLT), in which data is distributed and recorded on multiple computers,single point of failure Eliminate theData falsification or fraud preventing the

Stellar's DLT has the following features

  • Invariant:. Once recorded, data cannot be changed.
  • Transparency: The All transaction history can be viewed by anyone on the network.
  • Security: (1) Encryption technology protects data confidentiality and integrity.
Features of Stellar's DLT

Learn more about the Stellar Consensus Protocol (SCP): a unique consensus-building algorithm

Stellar Consensus Protocol (SCP)

SCP is the Stellar network's consensus-building mechanism SCP is,Federated Byzantine Agreement (FBA) A type of network participant that is a member of the Trusted Node set of nodes and form an agreement with them to approve the transaction.

SCP has the following features

  • High Speed SCP is, asynchronous The system operates at a high speed, allowing for fast consensus building.
  • Efficient:. SCP is, Small amount of communication to form a consensus.
  • Safety SCP is, Byzantine Fault Tolerance (BFT) and protects the network from attacks by malicious nodes.
  • Flexibility: 1. SCP is, authorized and permissionless network for both.

The principle of operation of SCP is as follows

  1. Each node is,Trusted Node the set of quorum Set as
  2. Once the transaction is broadcast to the network, each node quorum The system communicates with the nodes in the
  3. In Quorum. majority node determines that the transaction is valid, the transaction is approved.
  4. Approved transactions are recorded in Stellar's distributed ledger.
STELLAR Consensus Protocol SCP

Transaction Mechanism: Efficient Processing

Transactions in the Stellar network are processed in the following steps.

  1. Sender creates transaction:. The sender creates a transaction specifying the destination address, amount to be transferred, and fees.
  2. Transaction is broadcasted to the network:. The transaction created is broadcast to the Stellar network.
  3. Validator validates transaction:. Validators on the network verify the validity of the transaction. Specifically, they verify that the sender's balance is sufficient and that the destination address is valid.
  4. Agreement is reached by SCP: The Validators use SCP to reach consensus on transaction approvals.
  5. Transaction is recorded in the ledger:. Once an agreement is formed, the transaction is recorded in Stellar's distributed ledger.

Stellar's development team and community

Stellar Development Foundation (SDF) Activities: A Wide Range of Contributions

Stellar Development Foundation (SDF)

The Stellar Development Foundation (SDF) is, nonprofit organization SDF's activities include

  • Technology Development We develop, improve, and maintain the Stellar core protocol. We are also responsible for the development, improvement, and maintenance of the Stellar core protocol, scalability Improvement of the セキュリティ Enhancement of the new feature The Stellar network is constantly evolving with the addition of new products and services.
  • Building an Ecosystem:. We support the development of applications and services that run on the Stellar network.resources for developers Provision of, grants program management of the company, hackathon We support developers in a variety of ways, including holding
  • Cultivating Community:. We foster a community of developers, businesses, and users. Community Forums や social media The program promotes the exchange of information and interaction among users through
  • Education and Dissemination:. The company produces educational materials on Stellar and organizes workshops and events. Stellar Technology や use case The company is working to deepen people's understanding of Stellar by providing materials that explain in an easy-to-understand manner how to use Stellar.
  • Policy Recommendations:. We work with governments and regulators to provide policy recommendations on virtual currencies. Healthy virtual currency market for the development of the company, regulation や Compliance We actively participate in discussions about
  • Partnerships:. We have entered into partnerships with various companies and organizations to expand Stellar's ecosystem. international remittance, , micropayment, , DeFi in areas such as, New Use Cases We are actively promoting partnerships to create
Stellar Development Foundation Activities

How to Join the Community: Get Involved in an Active Community

Anyone can join the Stellar community. Here's how to join

  • Official website:. Stellar's official website includes a community forum, developer documentation, and a blog.
  • Social Media:. Stay up-to-date on Stellar and community activities through social media outlets such as Twitter, Telegram, and Discord.
  • Meetup:. Stellar meetups are held around the world. Attending a meetup is a great way to meet other Stellar users and developers.
  • GalacticTalk:. By participating in GalacticTalk, Stellar's official community forum, you can exchange ideas and ask questions with other users.
  • Stellar Development Foundation Blog:. SDF's blog provides the latest information on Stellar, its development status, and events.
  • GitHub:. Stellar is an open source project and its source code is available on GitHub. If you would like to contribute to the development, you can join via GitHub.

Resources for developers: a rich development environment

Stellar's developer resources include

  • Developer documentation:. Stellar technical specifications, API documentation, tutorials, and more.
  • SDK: (1) SDKs are provided for programming languages such as JavaScript, Java, Go, and Python.
  • Stellar Laboratory:. Tools for creating transactions and managing accounts on the Stellar network.
  • API:. An API is provided to access the Stellar network.
  • Stellar Core:. Software for operating the nodes of the Stellar network.
  • Horizon: The This server is used to retrieve data from the Stellar network via API.
Stellar Development Resources Overview

Stellar Use Cases and Future Prospects

Specific examples of use in international money transfers: Expanding use around the world

  • MoneyGram:. MoneyGram, an international money transfer service provider, uses Stellar to USD Coin (USDC) remittance service. This allows users to low cost indicates certainty, emphasis, etc. high speed You can transfer USDC to
  • Tempo:. Tempo uses Stellar to Between Europe and Africa remittance service. Remittance fee and significantly reduce the number of Remittance time by shortening the time, Africa We are helping to improve the lives of people in the
  • SatoshiPay:. SatoshiPay uses Stellar to micropayment services. online content The purchase of and Small Donations and many other applications.
  • Circle: The Circle, the issuer of USD Coin (USDC), uses Stellar to support the issuance and distribution of USDC.
  • Wyre:. Wyre uses Stellar to legal tender and virtual currency exchange service.
Stellar's Impact on Financial Services

Innovative Examples of Micropayments: Creating New Possibilities

  • Keybase:. Keybase uses Stellar to social media The system allows for small payments on the Users, content creator indicates such things as location of person or thing, location of short-term action, etc. Tip. and send them to the Small Payments and so on.
  • SureRemit:. SureRemit uses Stellar to developing country The company provides remittance services to cellular telephone with, food や Medical supplies etc. necessities can be purchased.
  • YOU:. YOU can use Stellar to reward pay Social Media Platforms It is. Users, Content Creation や Community Involvement You can receive a reward in XLM for

Contributing to Financial Inclusion: Impact on Developing Countries

Stellar provides unbanked people with Financial Services and contribute to financial inclusion by providing

  • World Mobile: World Mobile World Mobile uses Stellar to Africa In the rural areas of Mobile banking services. Internet や Banks Even in areas with limited access to cellular telephone using Financial Services to be used.
  • Cowrie Integrated Systems:. Cowrie Integrated Systems uses Stellar to Nigeria indicates certainty, emphasis, etc. microfinance services. small business operator や low income class indicates such things as location of person or thing, location of short-term action, etc. loan by providing the following, economic independence We support the

Example of use in DeFi (decentralized finance): Evolving financial services

Stellar is also a hot topic as a development platform for DeFi applications.

  • StellarX:. StellarX runs on the Stellar network. Decentralized Exchange (DEX) It is. Users, Without an intermediary. Different currencies can be exchanged directly.
  • Ultra Stellar: The Ultra Stellar is a new product that allows users to create and manage NFT It is a platform for issuing and trading Artist や creator uses Ultra Stellar to digital art や collector's item NFTs can be issued, such as
  • LumenSwap:. LumenSwap runs on the Stellar network. AMM (Automated Market Maker) Based DEX.
  • StellarTerm:. StellarTerm provides access to the Stellar network. オープンソース (at sentence-end, falling tone) indicates a confident conclusion WebWallet It is.

Working with NFTs (Non-Forming Tokens): The Future of Digital Assets

Stellar also supports NFT issuance and trading.

  • Litemint:. Litemint is a networked, secure, and secure network that provides In-game items や digital art It is a platform for issuing and trading NFTs such as
  • Solaris: Solaris Solaris is a networked server that runs on the Stellar network. NFT The platform is designed to issue and manage

Integration with Web3: A Bridge to a Distributed Internet

Stellar is, Web3 The company also contributes to the development of the Web3 Ha, decentralization, , オープンソース, , user control It is the next generation Internet characterized by Stellar technology, Web3 It is ideal for application development, Distributed identity, , data management, , micropayment The use of this technology is expected in fields such as the following.

  • Decentralized identity:. Stellar gives users control over their data Distributed identity systems can be used to build a
  • Data Management: Data Management Stellar is, safety and transparency It can be used to manage data in a highly
  • Micropayments:. Stellar is, Web3 in the application small (micro) settlement can be used to achieve the following

Future development potential: unlimited possibilities

Stellar will continue to provide a wide range of services in the areas of international remittances, micropayments, DeFi, NFT, Web3 and more. Great Growth is expected to be the first of its kind in the world.

  • Emerging Markets Stellar is, financial inclusion to make it happen. Important Tools As, Emerging Markets We expect that adoption will accelerate in the
  • Business to Business Settlement:. Stellar is, high speed and low cost (used with suffix -san or -sama) endearing term for unrelated older man or woman business-to-business settlement to make it happen. platform As, business The company has been receiving increasing attention from the
  • IoT: IoT Stellar is, IoT Devices between micropayment to make it happen. basic technology As, IoT It is expected to be utilized in the field of

5. comparison with Stellar's competitors

Differences from Ripple (XRP): Purpose and Technology Differences

Both Stellar and Ripple are virtual currencies that specialize in international money transfers, but there are some differences.

(data) itemStellar (XLM)Ripple (XRP)
Objective.Financial inclusion, building an open financial system accessible to allFor financial institutions, streamlining international remittances between banks
consensusSCP (Stellar Consensus Protocol)RPCA (Ripple Protocol Consensus Algorithm)
オープンソースsemivoiced sound×x-mark (used to indicate an incorrect answer in a test, etc.)
decentralizationhighlow (position)
Role of TokensTransaction fees, network access, asset exchangeTransaction fees, bridge currency
governanceDecentralized, community-drivenCentralized, led by Ripple Labs

Comparison with SWIFT: Advantages over conventional systems

SWIFT is an international remittance Existing system Stellar has the following advantages over SWIFT

  • High Speed Stellar's transaction processing speed is much faster than SWIFT. (Stellar: 3-5 seconds, SWIFT: several days)
  • Low cost Stellar's transaction fees are much lower than SWIFT.
  • Operates 24 hours a day, 365 days a year:. Stellar, unlike SWIFT, operates 24 hours a day, 7 days a week.
  • Transparency: The Stellar's transaction history can be viewed by anyone on the network.
  • Accessibility Stellar is available to everyone.
Which platform is best for international money transfers?

Comparison with other virtual currencies: Unique position

Stellar offers the following advantages over other virtual currencies

  • Fast transaction processing Compared to other virtual currencies such as Bitcoin and Ethereum, Stellar's transaction processing speed is much faster.
  • Low transaction fees:. Compared to other virtual currencies such as Bitcoin and Ethereum, Stellar's transaction fees are much lower.
  • High scalability The Stellar network has high scalability compared to other virtual currencies such as Bitcoin and Ethereum.
  • Clear use cases:. Stellar has clear use cases, including international remittances, micropayments, and DeFi.

6. investment risks and precautions

More on Price Volatility Risk: Preparing for Market Volatility

Virtual currency is,Price volatility is high. It is an asset; the price of XLM can also fluctuate significantly due to market supply and demand, regulations, news, and other factors.

  • Market Psychology The virtual currency market is, Investor psychology This is largely dependent on the Optimistic outlook spread, prices will rise, Pessimistic outlook spreads, prices will fall.
  • Regulation: No Countries regulation also affect the price of virtual currencies. tightening of regulations movement, the price will fall and if there is a deregulation movement, prices could rise.
  • Competitive Stellar and competition be just about to Other Virtual Currencies trends may also affect the price of XLM.
  • Technical issues:. On the Stellar network 技術的な問題 occurs, the price of XLM may fall.

Types of fraud and countermeasures: protecting yourself from malicious acts

In the virtual currency market,fraud are rampant. The main types of scams and their countermeasures are as follows

  • Ponzi scheme:. It is a scam to deceive investors and collect funds by claiming high dividends.Beware of sweet talk. Shi,Reliable Sources Be sure to obtain information from
  • Phishing Scams:. This is a scam that steals personal information through fake websites and emails.Do not click on suspicious links Let's do it,Official Website Be sure to check the information at
  • Spoofing fraud:. It is a scam that solicits investments by impersonating a celebrity or company.Do not trust easily, ,Official Accounts Make sure that it is
  • ICO Scam:. When you invest in an ICO, you are not investing in a fake ICO (Initial Coin Offering), but in a scam to raise money through a fake ICO, Project や Development Team About Adequate research Make sure to do so.

Hacking Risks and Prevention: Secure Your Assets

Virtual currency exchanges and wallets are,hacking may be a target of the

  • Exchanges and wallets with good security measures Use the reputation や Security measures indicates object of desire, like, hate, etc. Comparison Shi, trustworthy Choose an exchange or wallet.
  • two-step verification and set theChange passwords regularly Make sure to do so.
  • private key Ha,Store in a safe place Shi,Do not share with others Let's try to do that. hardware wallet the private key. off-line You can store them in the
  • software indicates object of desire, like, hate, etc. Latest Status Keep it to Security Update indicates object of desire, like, hate, etc. at fixed intervals By doing, vulnerability This reduces the risk of being poked in the eye.

Current status of laws and regulations in each country: Importance of legal compliance

Laws and regulations regarding virtual currencies vary from country to country.

  • Japan: Japan Virtual currency is,Funds Settlement Act It is regulated under the Virtual currency exchangers are, Financial Services Agency mouth turned down at the corners Registration is obligatory.
  • America: United States of America Virtual currency is,Securities and Exchange Commission (SEC) や Commodity Futures Trading Commission (CFTC) ICOs are regulated by the Securities and Exchange Act The company may be subject to the following
  • Other: Other countries, regarding virtual currency. regulation are being developed. When investing, Laws and regulations of the country in which the investment is made About confirmation Make sure to do so.

Precautions before investing: Understand the risks and invest responsibly.

Before investing in XLM, keep the following in mind

  • Invest at your own risk:. Virtual currency investments are,loss of principal There is a risk of investment school (e.g. of ikebana) self-responsibility Performed at, loss (e.g. assets or profits) indicates object of desire, like, hate, etc. acceptable limits Do this in the following manner.
  • Investing with Surplus Funds:. Avoid investing funds that are necessary for daily life.
  • Diversification: Diversification Diversifying your investments across multiple virtual currencies can reduce risk.
  • Information Gathering:. About XLM and Stellar before you invest Gather sufficient information Shi,Understanding Risk The decision should be made after Official Website や Reliable Sources Be sure to obtain information from
  • Avoid Emotional Transactions:. price fluctuations indicates such things as location of person or thing, location of short-term action, etc. unable to put one's mind at ease No, calm indicates such things as location of person or thing, location of short-term action, etc. investment decision Do the following.
  • Long-term perspective:. Virtual currency investments are, Long-term perspective It is important to do this in Short-term price fluctuations Not limited by the Stellar's Future indicates object of desire, like, hate, etc. outlook Invest in a company that has a good track record of success.

Expert Opinion and Evaluation of Stellar

Views of well-known experts: Highly commended and expected.

  • Naval Ravikant (AngelList co-founder):. Stellar is,international remittance In the field of Great potential The company evaluates that it has the potential to
  • Fred Ehrsam (Co-founder, Coinbase):. Stellar is,financial inclusion Contribute to Important Projects The company evaluates that it is a "good" company.
  • Tim Draper (prominent venture capitalist) Stellar is,potential to change the world The company evaluates that it has the potential to

Institutional investors' assessment: investment showing growth potential

  • Stripe: Stripe Stripe, a payment services provider, has invested in Stellar.
  • a16z crypto:. Andreessen Horowitz's (a16z) crypto department has provided grants to the Stellar Development Foundation.

Technical assessment: praise for innovative technology

Stellar is,Fast transaction processing, ,Low transaction fees, ,High scalability The company has been recognized for many of its technical excellence points, such as

  • SCP:. The Stellar Consensus Protocol is, innovative (used with suffix -san or -sama) endearing term for unrelated older man or woman consensus-building algorithm and high speed and safety (used with suffix -san or -sama) endearing term for unrelated older man or woman transaction processing The company has achieved the following
  • Smart Contracts:. Stellar's smart contract feature is, flexibility is high, Various applications can be constructed.
  • Interoperability Stellar is committed to interoperability with other blockchains and systems, promise is rated as high.

8. latest news from Stellar

Analyze factors behind recent price fluctuations: understand market trends

XLM Price,ビットコイン price fluctuations,Regulatory Trends, ,Stellar adoption It varies depending on factors such as

  • Bitcoin prices:. Bitcoin is the virtual currency market's overall indicator and the price fluctuation of bitcoin is, Other Virtual Currencies prices.
  • Regulatory Trends:. Countries regulation is in the virtual currency market. Major Impact gives the tightening of regulations movement is a factor that causes prices to fall, deregulation movement is a factor that increases prices.
  • Stellar's adoption:. Stellar's adoption The more advanced the XLM demand tends to increase and prices tend to rise. New partnerships や use case announcements are a factor in the price increase.

Information on partnerships: expanding the ecosystem

Stellar is,MoneyGram や IBM We partner with companies such as

  • MoneyGram:. Using Stellar USDC Remittance Service The company provides the following services
  • IBM: IBM Using Stellar Cross-border settlement systems We are developing a
  • Circle: The Support the issuance and distribution of USD Coin (USDC).
  • ClickPesa:. We provide mobile payment services in Africa.

Progress of Development: Introduction of the latest technology

The Stellar Development Foundation is,Stellar Core Protocol We are continuing to develop the

  • Soroban:. Running on Stellar Smart Contract Platform and WebAssembly support.
  • Claimable Balances: 1. conditional settlement や voucher etc. New Use Cases This function is designed to achieve the following

Key Event Information: Community Involvement

For information on key events related to Stellar,Official Website や social media You can check it at

  • Stellar Meridian Conference:. Stellar's Annual Conference and developer, , business, , user This event brings together
  • Stellar Community Fund: Stellar Community Fund Stellar's ecosystem Contribute to Project indicates such things as location of person or thing, location of short-term action, etc. grants The program provides a

Stellar Roadmap

Short-term planning: specific goals and progress

The Stellar Development Foundation is,scalability Improvement of thesmart contract Enhancements,ecosystem The short-term plan includes the expansion of

  • Soroban adoption:. Soroban is available at spread Let them, developer and DeFi Application や Web3 Applications Create an environment that facilitates the construction of
  • Ecosystem Expansion:. New partnerships and concluded a use case Stellar's adoption Facilitate the

Long-Term Vision: Looking to the Future

The Stellar Development Foundation is,Accessible to people all over the world Open and inclusive financial system Our long-term vision is to build a

  • Financial Inclusion:. bank account To those who do not have Financial Services by providing the following, poor や inequality Eliminate the
  • Innovations:. developer and innovative (used with suffix -san or -sama) endearing term for unrelated older man or woman Financial Applications We can build a platform by providing the following, financing (at sentence-end, falling tone) indicates a confident conclusion future tense Create a

How to access the roadmap: check official information

What is the roadmap for Stellar?Official Website You can check it at

10. FAQ

Basic Questions: Stellar Basics

  • What is XLM?
    • XLM is the native currency of the Stellar network and is used to pay transaction fees, access the network, and exchange assets.
  • What is Stellar?
    • Stellar is an open source blockchain platform for fast and low-cost international money transfers.
  • Where can I purchase XLM?
    • XLM can be purchased on virtual currency exchanges such as Binance, Coinbase, and Kraken.

Technical questions: deepening understanding of how it works

  • What is SCP?
    • SCP stands for Stellar Consensus Protocol, the consensus-building mechanism of the Stellar network.
  • How does Stellar achieve scalability?
    • Stellar is a member of the SCP and Efficient network architecture The scalability is achieved by

Investment questions: for investment decisions

  • What are the risks of investing in XLM?
    • Investing in XLM involves price volatility risk, fraud risk, and hacking risk.
  • What do you see as the future of XLM?
    • XLM has been recognized as highly promising and is expected to be used in a variety of areas, including international remittances, micropayments, and DeFi.

11. related links

12. source: reliable source

  • Stellar Official Website
  • Stellar Development Foundation
  • Virtual currency news sites (CoinMarketCap, CoinDesk, etc.)
  • Expert Reports
  • Academic Papers
  • white paper

Notes: 1.

This article is for informational purposes only and does not constitute investment advice. Investing in virtual currency involves risk. Before investing, please do your own research and understand the risks before making a decision.

Related links in the site

Virtual Currency Information Bureau

Virtual Currency Introduction List

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