Stellar

Reasons to Buy Stellar

• – It works on Stellar consensus protocol and Federated Byzantine Agreement (FBA) algorithm.
• – It has very low costs when sending cross-border payments.
• – XLM is the native cryptocurrency of the Stellar ecosystem.
• – It has a market capitalization of more than $8 billion.
• – It has a maximum supply of 50 billion XLM coins.

Stellar came into existence in 2014, led by Jed McCaleb, and was able to secure $3 Million as an initial investment amount for the project.

It started with the aim of providing a decentralized payment transfer utilizing blockchain technology. With the present system of cryptocurrencies and payment gateways, charges are a major issue that is not addressed. Stellar provides a faster, cheaper, and secure platform for the transfer of payments. It allows for easy cross-border payments with cross-currency transactions.

Things to consider before buying Stellar

• Stellar allows people to do multi-currency transactions, which means people can send any cryptocurrency, and the receiver can receive in any cryptocurrency.
• It has a pool of anchors that works as a bridge between the Stellar network and currencies.
• The transaction amount is fixed to 0.00001 XLM, which is less than Re1 (at the time of writing).

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