Donni Peek

Written by Donni Peek

Modified & Updated: 29 May 2024

Jessica Corbett

Reviewed by Jessica Corbett


Stellar (XLM) is a digital cryptocurrency that has been making waves in the blockchain and financial technology (fintech) industry. With its unique features and groundbreaking technology, Stellar has gained a significant following and has become one of the top cryptocurrencies in the market.

In this article, we will explore 19 surprising facts about Stellar that you may not be aware of. From its origins and development team to its advantages over other cryptocurrencies, we will delve into the world of Stellar and uncover some fascinating details that make it stand out from the crowd.

Whether you’re a seasoned cryptocurrency investor or simply curious about the inner workings of blockchain technology, these facts about Stellar will offer you a deeper understanding of this innovative digital currency. So, without further ado, let’s dive into the fascinating world of Stellar (XLM).

Key Takeaways:

  • Stellar (XLM) was founded by Jed McCaleb to make global money transfers faster and cheaper, helping people without access to traditional banking services.
  • Stellar’s partnerships, decentralized exchange, and tokenization capabilities make it a promising platform for innovation and financial inclusion.
Table of Contents

Stellar was founded by Jed McCaleb in 2014.

Stellar, also known as Stellar Lumens (XLM), was created by Jed McCaleb, a well-known figure in the cryptocurrency world. McCaleb is also the co-founder of Ripple. With Stellar, he aimed to create a decentralized blockchain platform that would facilitate fast and low-cost cross-border transactions.

Stellar’s native cryptocurrency is called Lumens (XLM).

Lumens, denoted by the symbol XLM, are the digital currency native to the Stellar network. They play a vital role in facilitating transactions and preventing spam on the blockchain. Lumens can also be used for crowdfunding and issuing tokens on the Stellar platform.

Stellar focuses on financial inclusion.

One of the primary goals of Stellar is to provide affordable financial services to people who are unbanked or underbanked. The platform enables individuals and businesses from all around the world to access banking services, make cross-border payments, and even raise funds through Initial Coin Offerings (ICOs).

Stellar has partnerships with leading companies and organizations.

Stellar has formed partnerships with notable companies and organizations, including IBM, Deloitte, and Stripe. These collaborations have helped to increase the adoption of Stellar technology and expand its reach in the global financial ecosystem.

Stellar offers fast and low-cost transactions.

Stellar’s blockchain technology enables quick and inexpensive transactions. The average transaction confirmation time is just a few seconds, making it suitable for various use cases, including remittances and micropayments.

Stellar uses a consensus algorithm called Stellar Consensus Protocol (SCP).

The Stellar Consensus Protocol (SCP) is the underlying algorithm that ensures the security and integrity of the Stellar network. It allows various nodes in the network to reach an agreement on the validity of transactions without relying on a centralized authority.

Stellar operates on a decentralized network of validators.

Stellar’s network consists of a decentralized group of validators who maintain the network’s integrity. Validators reach consensus on transactions and ensure that the blockchain remains secure and free from manipulation.

Stellar has a built-in decentralized exchange.

The Stellar network includes a decentralized exchange where users can trade Lumens and other assets issued on the platform. This makes it convenient for users to exchange currencies without relying on traditional centralized exchanges.

Stellar supports tokenization of various assets.

Stellar allows users to create and tokenize assets such as currencies, commodities, and even real estate properties. These tokenized assets can be traded on the Stellar network, providing liquidity and new investment opportunities.

Stellar implements a unique inflation mechanism.

Unlike many other cryptocurrencies, Stellar has an inflation mechanism built into its protocol. Each week, new Lumens are introduced into the network through inflation. These Lumens are distributed to holders based on their account balances, encouraging participation and network growth.

Stellar’s network can handle thousands of transactions per second.

Stellar’s blockchain has the capability to process thousands of transactions per second, making it well-suited for high-volume applications. Its scalability and speed have positioned Stellar as a practical solution for global financial transactions.

Stellar has a robust developer ecosystem.

Stellar offers a wide range of development tools, documentation, and resources to support developers building applications on its blockchain. This has contributed to the growth of a thriving developer community and the creation of innovative projects on the Stellar platform.

Stellar has a built-in decentralized crowdfunding platform.

Stellar’s platform allows for decentralized crowdfunding through Stellar’s built-in token creation feature. This enables startups and entrepreneurs to raise funds by issuing their own tokens and offering them to the public in exchange for Lumens or other assets.

Stellar aims to solve the problem of cross-border payments.

Stellar’s mission is to make cross-border payments faster, more efficient, and more affordable. By leveraging blockchain technology and its network of partners, Stellar aims to revolutionize the way money is transferred globally.

Stellar has a strong focus on compliance and regulatory requirements.

Compliance is a priority for Stellar. The platform encourages issuers of assets on the network to adhere to regulatory frameworks and takes steps to ensure that transactions are conducted in a compliant manner.

Stellar has a user-friendly and intuitive wallet.

Stellar provides users with a user-friendly and easy-to-navigate wallet interface. Users can securely store, send, and receive Lumens and other assets supported on the Stellar network.

Stellar is backed by a non-profit organization.

The Stellar Development Foundation (SDF) is a non-profit organization that supports the development and growth of the Stellar network. The foundation focuses on expanding Stellar’s reach, fostering partnerships, and promoting financial inclusion.

Stellar has a transparent and auditable ledger.

All transactions on the Stellar network are recorded on a transparent and auditable ledger. This adds an extra layer of trust and accountability, making it easier to track and verify transactions.

Stellar is constantly evolving and improving.

The Stellar Development Foundation and the Stellar community are continuously working on enhancing the platform’s features, scalability, and usability. Regular updates and improvements ensure that Stellar remains at the forefront of blockchain technology.

In conclusion, Stellar (XLM) is a groundbreaking blockchain platform that offers fast, low-cost transactions and focuses on financial inclusion. With its partnerships, built-in decentralized exchange, and tokenization capabilities, Stellar provides a robust ecosystem for innovation and development. As the platform continues to evolve and solve real-world challenges, Stellar is poised to make a significant impact on the global financial landscape.


In conclusion, Stellar (XLM) is a fascinating cryptocurrency that has gained significant popularity in recent years. Its unique features, such as its lightning-fast transaction speed and low fees, make it a formidable competitor in the cryptocurrency market. Additionally, Stellar’s commitment to financial inclusion and its partnerships with various organizations further contribute to its growth and adoption.As we explored the 19 surprising facts about Stellar (XLM), we discovered its origins as a fork of the Ripple protocol, its mission to enable cross-border transactions for the unbanked, and its innovative consensus algorithm, Stellar Consensus Protocol (SCP). We also learned about Stellar’s role in the development of stablecoins, its integration with IBM’s blockchain solutions, and its impressive network of validators.With its strong emphasis on scalability, security, and decentralization, Stellar has established itself as a prominent player in the cryptocurrency space. As more individuals and institutions recognize the potential of Stellar (XLM), its future looks promising.


1. How does Stellar differ from other cryptocurrencies?

Stellar differentiates itself from other cryptocurrencies through its focus on facilitating fast and low-cost cross-border transactions. Its Stellar Consensus Protocol ensures secure and efficient network consensus.

2. What is the purpose of Stellar Lumens (XLM)?

Stellar Lumens (XLM) serves as the native cryptocurrency of the Stellar network. It acts as a bridge currency, facilitating transactions between different fiat currencies and enabling more accessible cross-border payments.

3. Can I mine Stellar Lumens (XLM)?

No, Stellar Lumens (XLM) cannot be mined. The total supply of XLM was generated at the inception of the network, and new Lumens are released through a process called inflation, which distributes them to existing holders.

4. How long does it take to process a transaction on the Stellar network?

Transactions on the Stellar network are typically processed in a matter of seconds, thanks to its fast consensus algorithm. This makes it ideal for real-time transactions.

5. Is Stellar open-source?

Yes, Stellar is an open-source project. Its code is freely available for anyone to review, contribute to, and use for their own projects.

6. What is the role of validators in the Stellar network?

Validators play a crucial role in the Stellar network by verifying and validating transactions. They help maintain the integrity and security of the network by reaching consensus on the validity of transactions.

7. Can I use Stellar Lumens (XLM) for everyday purchases?

While the primary focus of Stellar Lumens (XLM) is facilitating cross-border transactions, there are merchants and platforms that accept XLM as a form of payment. The adoption of XLM for everyday purchases is growing steadily.

8. Is Stellar widely adopted by financial institutions?

Yes, Stellar has gained significant adoption among financial institutions due to its fast and cost-effective cross-border payment capabilities. Many banks and payment processors are integrating Stellar into their systems to improve their services.

9. How does Stellar ensure the security of transactions?

Stellar ensures security through its distributed ledger and consensus algorithm. Each transaction is validated by a network of trusted validators, making the system resistant to tampering or fraudulent activities.

10. Can I invest in Stellar Lumens (XLM)?

Yes, Stellar Lumens (XLM) can be purchased and held as an investment. It is available on various cryptocurrency exchanges, and its price is subject to market fluctuations like other cryptocurrencies.

Stellar's innovative approach to cryptocurrency sparks curiosity about other digital currencies, their potential applications, and the underlying technology. Exploring the fascinating world of digital currency reveals a myriad of possibilities. Decentralized finance platforms like DeFiChain offer unique opportunities for financial empowerment. Moreover, understanding regulatory frameworks surrounding blockchain technology, such as Polymath's, is crucial for navigating this exciting landscape. Dive into these captivating topics to expand your knowledge and discover the transformative power of cryptocurrency.

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