4 Things You Didn’t Know About Stellar (XLM)
Stellar (XLM) has become a popular crypto currency in recent years. Stellar entered the world of crypto currency in 2014 at a low exchange rate. Its rankings gained a good momentum and found its place on the top.
The main reason Stellar trades at a very low exchange rate is due to its intended use. Among other crypto currencies, Stellar, similar to Ripple (XRP), enables users to make local and global transactions securely, instantly and without any transaction fees.
In this article we will tell you 4 facts you did not know about Stellar. If you want to learn more about Bitcoin, Ethereum, Ripple and other crypto currencies, you can visit our blog.
Sprung from Ripple Labs Protocol
Similarities between Stellar and Ripple are not just about their working principles. Stellar (XLM) was originally based on the protocol used by Ripple Labs. Today, Stellar continues on as a platform that allows its users to perform international transactions without the slightest difficulty.
Stellar Does not Seek Profit
Stellar was founded by Jed McCaleb, the founder and experienced investor of eDonkey. Jed McCaleb is also a co-founder of Ripple.
Stellar claims, as mentioned in the founding principles, that its main goal is not to make money.
Stellar seeks to use the power of Blockchain technology as a tool to help the poor rather than pursue profits. Together with Stellar’s preferred model, it provides the possibility of transferring money to people who do not have accounts in banks anywhere in the world.
Stellar is part of a crypto currency group that is generally compatible with regulators. In the initial phase, crypto users were pleased that Stellar worked differently than the way financial institutions work. Another thing they noticed is that with the continuation of this trend, people working in this sector are obliged to work with regulators for a long period of time. Stellar was decentralized and anti-bank in its early days, but the partnership with IBM in 2017 has changed everything. IBM has partnered with Stellar for a global payment facility.
Half of Its Employees are Women
The blockchain and crypto currency sector is one of the few areas where women are minority. However, this does not apply to Stellar. Because approximately half of Stellar’s employees are women.
Investment information, comments and recommendations contained herein are not included in the scope of investment advisory. Therefore, making an investment decision based solely on the information and comments contained herein may not produce results that are in line with your expectations.