Stellar
Stellar (XLM) Logo

Stellar is an open-source blockchain network designed to make global payments faster, cheaper, and more accessible. Launched in 2014, it enables individuals, businesses, and financial institutions to send, receive, and exchange digital assets within seconds while paying only minimal transaction fees. The network's native cryptocurrency, Stellar Lumens (XLM), is used to pay transaction fees, prevent network spam, and facilitate the exchange of different assets. Unlike many blockchains that focus primarily on decentralized applications, Stellar was built with cross-border payments and financial inclusion as its primary goals. It also supports tokenization, allowing organizations to issue digital versions of currencies, stablecoins, and other assets. With the addition of the Soroban smart contract platform, Stellar has expanded into decentralized applications while maintaining its reputation for speed, efficiency, and low-cost transactions.

Blockchain Stellar
Native Coin Stellar Lumens (XLM)
Launch Year 2014
Consensus Mechanism Stellar Consensus Protocol (SCP) using Federated Byzantine Agreement
Transaction Speed Typically settles transactions in 3–5 seconds
Transaction Fees Extremely low, usually a fraction of a cent
Primary Purpose Fast, low-cost global payments and asset transfers
Smart Contracts Supported through the Soroban smart contract platform
Tokenization Supports issuing custom tokens, stablecoins, and real-world assets
Energy Consumption Very low, as the network does not rely on mining
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