Stellar
XLM
Overview
What is Stellar?
Stellar was started in 2014 by one of the founders of Ripple and operates in a very similar fashion to Ripple itself.
However, where Ripple is a product of Ripple Labs, a private company, aimed at the traditional banking system, Stellar is overseen by the not-for-profit Stellar Development Foundation and is designed to be an open and freely accessible system for transacting and exchanging both fiat and digital currencies by everyday people all over the world. (Stellar is often linked to the crypto drive to ‘bank the unbanked’).
Like Ripple, Stellar relies on a global network of trust nodes to continually check and re-check transactions on the ledger to ensure their accuracy. The Stellar network can process tens of thousands of transactions per second and uses less energy per transaction than Visa.
The native token of the Stellar network is the lumen (XLM). Lumens are used to cover the network’s minimal transaction fees and can also be used to provide extra liquidity if required to reconcile differences between two currency pools.
How to buy Stellar with CoinJar
Start your cryptocurrency portfolio with CoinJar by following these simple steps.
CoinJar’s Digital Currency and Exchange Services are operated by CoinJar UK Limited, a private limited company registered in England and Wales (company number 8905988). CoinJar UK Limited is registered in Australia by AUSTRAC as a digital currency exchange provider (Registration No. DCE100576400-001).
CoinJar Card is a prepaid Mastercard issued by EML Payment Solutions Limited ABN 30 131 436 532 AFSL 404131 pursuant to license by Mastercard Asia/Pacific Pte. Ltd. Mastercard and the Mastercard brand mark are registered trademarks and the circles design is a trademark of Mastercard International Incorporated. CoinJar Australia Pty Ltd ABN 75 648 570 807 promotes and distributes CoinJar Card as a Corporate Authorised Representative of EML Payment Solutions Limited. This material is general information only and does not consider your objectives, financial situation or needs and you should consider if CoinJar Card is right for you. We recommend you consider the Product Disclosure Statement before making any decision to acquire the product. The Target Market Determination for this product can be found here.
Apple Pay is a trademark of Apple Inc., registered in the U.S. and other countries. Google Pay is a trademark of Google LLC.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.