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xlm
Stellar (XLM) is a decentralized, open-source blockchain network designed for fast and low-cost cross-border transactions. It allows individuals and businesses to transfer any type of currency globally, making it highly versatile.
This coin is available on Newton.
XLM is the native cryptocurrency of the Stellar network, used for transaction fees and to facilitate the exchange of other assets. It works alongside Stellar's unique consensus mechanism, the Stellar Consensus Protocol (SCP), which ensures transaction finality without the need for mining.
Stellar's goal is to eliminate barriers in the financial sector, particularly for unbanked populations, by enabling easier access to financial services. Its decentralized nature aims to reduce reliance on traditional financial institutions.
Created by Jed McCaleb and Joyce Kim in 2014, Stellar has gained attention for its potential to bridge the gap between different financial systems. It has attracted partnerships with major companies and organizations in the fintech industry.
With the ability to connect different payment systems, Stellar has the potential to be a crucial player in transforming the global financial landscape. It is designed to be scalable, allowing for a high transaction throughput.
Stellar operates using a distributed ledger technology (DLT), with a focus on low-cost, high-speed transactions. It uses the Stellar Consensus Protocol (SCP), a federated Byzantine agreement protocol, instead of traditional mining.
The network is designed to facilitate peer-to-peer transactions directly between users, with no need for intermediaries. This enables faster processing times and reduces transaction costs compared to traditional financial systems.
Stellar's system is powered by nodes that validate transactions and maintain the network, ensuring the security and integrity of the system. This decentralized structure makes Stellar resilient to censorship and single points of failure.
The network also features anchor organizations, which act as trusted intermediaries for users to deposit and withdraw various assets. These anchors provide a bridge between the Stellar network and traditional financial systems.
Stellar's ability to facilitate seamless asset transfers across borders, including fiat currencies and cryptocurrencies, makes it highly effective for remittances and international payments. It enables a more inclusive global financial system.
The supply of Stellar Lumens (XLM) is fixed, with mechanisms in place to manage its distribution.
The current price of Stellar Lumens (XLM) is shaped by various market factors and trading activity.
Stellar Lumens (XLM) serve as the native digital currency for operations within the Stellar blockchain ecosystem.
Stellar (XLM) is designed to keep transaction costs minimal while maintaining efficiency.
Stellar's primary use is in cross-border payments, offering low-cost transactions that can be completed within seconds. This makes it an ideal choice for remittances and international money transfers.
The network also supports the issuance of digital assets and tokens, which can represent anything from currencies to commodities. This feature enables a variety of applications, including tokenized securities and loyalty programs.
Another key application of Stellar is facilitating financial inclusion for the unbanked. Through its decentralized infrastructure, Stellar provides access to banking services for those without access to traditional financial institutions.
Stellar is also increasingly being used by enterprises for payment systems and supply chain solutions. Its efficient, low-cost transactions enable businesses to streamline their operations and improve cash flow management.
With its ability to support decentralized finance (DeFi) applications, Stellar has a broad potential for use in areas such as smart contracts and decentralized exchanges, helping to redefine the future of finance.
Stellar was founded in 2014 by Jed McCaleb, a co-founder of Ripple, and former lawyer Joyce Kim, with the aim of creating a more inclusive financial network. It was originally conceived as a response to the limitations of traditional banking systems and payment networks.
In the early days, Stellar was designed to allow seamless transfers between any type of asset, using blockchain technology to facilitate this. The project's focus quickly shifted toward enabling cross-border payments for underserved communities.
In 2015, Stellar was officially launched, and its first major milestone came when it formed a partnership with the nonprofit organization, the Stellar Development Foundation. This partnership helped expand its mission of financial inclusion.
Stellar's development has been supported by major corporations, including IBM, which has utilized Stellar's technology in various blockchain-based solutions. This helped establish Stellar as a trusted player in the blockchain and financial technology space.
Over the years, Stellar has gained recognition as a leader in the blockchain space for its speed, scalability, and potential to drive global financial change. Its evolution continues to be shaped by strategic partnerships and technological improvements.
Stellar (XLM) acts as a bridge for currency conversion and transaction processing in its ecosystem.
The price history of Stellar Lumens (XLM) shows significant milestones and trends in its market performance.
Stellar Lumens (XLM) differ from traditional shares but offer unique opportunities in the digital economy.
Store your Stellar (XLM) securely in wallets that support the Stellar network, or use platforms like Newton for added convenience. Keep track of blockchain updates and circulating supply to stay informed about XLM’s market performance.
While Stellar (XLM) doesn’t offer traditional staking rewards, you can contribute to the network’s ecosystem by participating in governance or operating a node, reinforcing the system’s efficiency and security.
Spend XLM at merchants accepting Stellar payments. Before spending, check the current market price of XLM or its value in CAD to assess its value at that moment.
Send XLM payments quickly and affordably via the Stellar blockchain, ensuring fast transactions and low transaction costs. Stellar allows users to make seamless cross-border payments and transfers through its advanced protocol.
Donating with Stellar (XLM) tokens is quick and cost-effective, thanks to its fast, low-fee transactions. Many organizations now accept XLM donations, enabling seamless support for important causes. By donating, you contribute to the growth and adoption of the Stellar network in the global crypto ecosystem.
Swap Stellar Lumens (XLM) for other cryptocurrencies like Bitcoin or Ethereum on supported exchanges. The Stellar network enables fast swaps and liquidity, contributing to high trade volume and market engagement.
*Newton does not currently support staking, governance, interest-earning, or other utility functions, where applicable, for this asset.
Acquiring Stellar (XLM) tokens directly from unregulated sources or private individuals can be a risky endeavour. Without the security measures of a reputable platform, there’s a chance of encountering unreliable sellers or fraudulent activities. It’s vital to remain vigilant and cautious when opting for direct purchases.
The most reliable and hassle-free way to buy Stellar (XLM) in Canada is through a regulated platform like Newton. You can conveniently fund your account using e-Transfer or wire transfer, access over 70 cryptocurrencies, and track XLM’s price and market trends in real time, ensuring a secure trading experience.
Newton provides competitive rates for Stellar Lumens (XLM), ensuring that you get the best value for your trades in Canada. With access to active market trends and consistent availability, XLM remains a popular choice for traders exploring the crypto market.
Newton employs top-notch security measures, including two-factor authentication and encrypted storage, to ensure your XLM transactions are safe. Stellar is a trusted cryptocurrency for secure financial operations, and Newton adds an extra layer of protection with Multi-Factor Authentication, trusted contacts, a Security Checklist, login history tracking, device management, and anti-phishing codes.
Newton makes it affordable to buy and sell Stellar, with a 1.50% - 1.60% fee. For more information about fees, see our Prices page. Newton covers up to $5 of network fees on your first daily withdrawal. For additional withdrawals, or if network fees exceed $5, the estimated network fee is confirmed prior to withdrawal.
Newton's platform is fully accessible on both desktop and mobile, making it easy to stay on top of your XLM trades no matter where you are. Whether you’re checking price movements or managing your holdings, Newton ensures that everything is available at your fingertips.
Newton’s platform is easy to use, offering a seamless experience for both novice and experienced traders. Tracking the price of XLM, managing your portfolio, and executing trades are all simple tasks, allowing you to navigate the Stellar blockchain with ease.
As a Canadian-based platform, Newton offers a secure and convenient way for Canadians to trade or buy Stellar Lumens (XLM). It provides seamless access to the global crypto market, enabling users to engage with the Stellar blockchain, which was created by the Stellar Development Foundation in 2014. Stay informed with Newton’s simple and efficient trading tools.
To buy XLM (Lumens), start by creating an account on Newton. After completing the registration, you can access live charts and monitor the XLM price today.
Deposit funds into your account using methods like wire transfers or e-Transfer. You can easily fund your account in CAD or other requested currencies to begin buying XLM.
Once your account is funded, you can proceed to buy XLM. Track the stellar price chart to evaluate how much 1 XLM is worth before making your purchase.
Choose XLM from the list of available cryptocurrencies on the exchange. It is one of the billion XLM tokens circulating in the market, offering a low-cost entry to the Stellar network.
Enter the amount of XLM you wish to buy, whether in token units or CAD value. You can purchase a small or larger amount based on the price of XLM today and your investment strategy.
Review the purchase details and confirm your transaction. Once complete, you’ll be able to receive XLM into your account and monitor its historical price or use it on the Stellar blockchain.
When you use a personal wallet for Stellar (XLM), you’re in full control of your tokens, meaning you manage everything yourself. However, this autonomy comes with the responsibility of safeguarding your private keys. While personal wallets provide greater privacy, they also place the security of your assets entirely on you, and any lapses in protecting your keys could expose you to potential risks.
You can store your XLM right on Newton! The Newton platform is designed with robust security in mind, offering tools like multi-factor authentication, login tracking, and anti-phishing measures to secure your Stellar (XLM). You can also set up trusted devices and assign a contact for additional protection. These features ensure that Newton remains a secure and reliable platform for managing your Stellar tokens.
Your security is important. Newton is committed to being a leader in compliance, security, and technical protocols.
For additional information and to review the risks associated with Stellar, please see our Asset Statement.
