Stellar (XLM)

Stellar is an open-source, decentralized network co-founded in 2014 by Jed McCaleb and Joyce Kim to facilitate the fast and low-cost transfer of value across different currencies and assets globally. Managed by the non-profit Stellar Development Foundation, the project serves as a global infrastructure that connects banks, payment systems, and individuals to expand financial access to underserved populations. Its main value proposition lies in providing a bridge between traditional money and digital networks through the use of Anchors, which are trusted entities that hold deposits and issue credits on the ledger. The network operates using the Stellar Consensus Protocol and a Federated Byzantine Agreement, where nodes choose trusted sets of other nodes to agree on the state of the ledger. This system ensures high throughput and fast finality, where transactions are considered permanent and irreversible within seconds. Key features include a built-in distributed exchange for trading assets without intermediaries and the Soroban platform for developing smart contracts.

Description from CoinGecko.

Coin details

Name

Stellar

Symbol

XLM

Market cap rank

#19

Category

Smart Contract Platform, Layer 1 (L1), Real World Assets (RWA)

Runs on

Stellar

Circulating supply

35,383,098,664 XLM

Max supply

No fixed cap

Price in INR

₹13.60

Tax in India

30% on gains + 1% TDS on sale

Contract (Stellar)

CAS3J7GY…4XOWMA

Website

stellar.org

Whitepaper

8130068.fs1.hubspotusercontent-na1.net/hubfs/8130068/stellar-consensus-protocol.pdf

Explorer

dashboard.stellar.org

X (Twitter)

x.com/stellarorg

Reddit

reddit.com/r/stellar

GitHub

github.com/stellar/stellar-core