Stellar, a decentralized payment network, aims to facilitate cross-border transactions and financial inclusion for all. Developed by Jed McCaleb and Joyce Kim in 2014, Stellar enables fast and low-cost transactions, making it ideal for remittances and micropayments. Using its native cryptocurrency, Lumens (XLM), Stellar connects financial institutions, payment processors, and individuals worldwide, enabling seamless transfer of value. Moreover, Stellar’s consensus mechanism, the Stellar Consensus Protocol (SCP), ensures decentralization and security of the network. With partnerships with major corporations and organizations, including IBM and Deloitte, Stellar continues to expand its reach and impact in the global financial ecosystem. As the cryptocurrency market evolves, Stellar remains a prominent player, offering innovative solutions for cross-border payments and financial infrastructure. Stay updated with Cryptocurrency News for the latest insights and developments on Stellar and the broader crypto market.
