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Stellar

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description Stellar Overview

Designed around payments and asset transfers, Stellar is a public blockchain with a particular focus on moving value across borders. A distributed network of independently operated servers reaches agreement on transactions through the Stellar Consensus Protocol. Low network fees and short confirmation times make it relevant to payment services that need to process transfers without relying entirely on conventional banking infrastructure. Businesses can use Stellar to issue digital representations of assets and connect payment services, while individuals can access it through supporting wallets and providers.

Its payment-oriented design sets it apart from blockchains centered mainly on general-purpose computation. A blockchain transfer is only part of an international payment: converting funds into local currency and withdrawing them can still involve intermediaries, separate fees and availability limits.

help Stellar FAQ

Who founded Stellar and in which year did it start?

Stellar was founded in 2014 by Jed McCaleb. It was built as a decentralized payment protocol rather than a traditional centralized money transfer provider.

Is Stellar really focused on cross-border payments?

Yes, Stellar is positioned around fast international transfers and interoperability between different financial rails. That is the core reason people describe it as a cross-border payments network.

Is Stellar an open-source blockchain network?

Yes, Stellar is widely described as open-source, which supports external contribution and external audits of parts of the ecosystem. If you are evaluating developer tooling, this openness is part of its core positioning.

What is the native token used in the Stellar network?

The native token is XLM, also called Lumens. If you are researching interoperability and wallet support, XLM is the unit you will see across integrations.

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