The history of Stellar currency and its features

Stellar currency was developed in 2014 by a separate company from Ripple, that is, a separate company that provides financial support to banks. The main goal of Stellar developers was to create a blockchain network to facilitate monetary transactions between countries, banks and individuals.

In its original form, Stellar was built on the Bitcoin code, with improvements that included a way to make transactions faster and cheaper. Also, Stellar had capabilities to support other digital assets, which was useful for use in international transactions.

In 2015, Stellar was separated from Ripple as an independent project and released as a free and open source project.

Over the following years, Stellar moved more towards developing digital banks and digital currencies, as well as trying to make international financial transactions faster and cheaper.

Today, Stellar is one of the most widely used blockchain platforms in the world, which is used to facilitate monetary transactions between countries, banks and individuals.
Stellar features

Stellar is the name of a blockchain platform that is used to transfer money and other digital assets. Also, Stellar uses a digital currency called XLM. In the following, the characteristics of Stellar and digital currency XLM will be examined:

1. Transaction speed: Due to its special design, Stellar is able to perform up to 1000 transactions per second, which makes the transactions based on this platform to be done quickly and at the lowest cost.

2. Multi-asset support: Stellar uses the Horizon app to perform multi-asset transactions. This app allows you to easily trade various digital assets such as cryptocurrencies, bonds, stocks and other assets.

3. Connecting network: Stellar is designed as a connecting network, which means that it can connect with other networks and perform inter-network transactions easily.

4. Stable value: XLM is a stable currency, meaning its value is pegged to the US dollar. This feature allows Stellar to be used as a stable payment method for domestic and international buying and selling transactions.

5. High ego: Stellar uses algorithms based on digital signatures to increase the security of its transactions. These algorithms make transactions very secure without the need for intermediaries.



6. Low cost: Another feature of Stellar is the low cost of its transactions. While transactions in large blockchain networks such as Bitcoin and Ethereum are considered high cost, in Stellar the cost of transactions is very low.

7. XLM digital currency: Stellar uses a digital currency called XLM to perform transactions. This currency is used as the base unit for all transactions in the Stellar network.

Also, XLM exists as an independent digital currency that can be bought and sold in different exchanges.

Overall, Stellar is a widely used blockchain platform for transferring money and digital assets, with features such as high speed, multi-asset support, connected network, stable value, high security, low cost, and XLM cryptocurrency.
Conclusion

Stellar is a digital currency that was developed in 2014 separately from Ripple and aims to facilitate monetary transactions between countries, banks and individuals. This digital currency is based on Bitcoin code and is suitable for faster transactions and lower cost than Bitcoin. Stellar also has capabilities to support other digital assets that are useful for use in international transactions. In 2015, Stellar was separated from Ripple as an independent project and released as a free and open source project.

Source: https://sarrafex.com/price/xlm/