Question 1

What is Stellar?

Accepted Answer

Stellar is one of the open-source and decentralized crypto platforms. It aims to allow crypto users to transfer XLM coins and other crypto assets at a low cost.

Question 2

What is the Stellar Consensus Protocol (SCP)?

Accepted Answer

SCP is a mechanism to achieve consensus on every transaction in the Stellar Blockchain. It is also known as the Proof-of-Agreement (PoA) algorithm which uses the FBA model (Federated Byzantine Agreement)

Question 3

Can Stellar be purchased using credit cards or debit cards?

Accepted Answer

Yes. Users who are looking to invest in Stellar XLM can use credit cards or debit cards on certain exchanges like Coinbase to successfully purchase XLM coins

Question 4

Is XLM decentralized?

Accepted Answer

Yes, Stellar Lumens (XLM) is an end-to-end decentralized network. It was developed by the Stellar Development Foundation (SDF) in the year 2014.

Question 5

How to convert XLM to cash?

Accepted Answer

Create an account on a reputable exchange
Fund it and make a purchase.
To sell XLM, enter the amount of XLM coins as you wish.
Choose the desired payout method.
Provide the required credentials.
Confirm transaction.

Question 6

Are XLM and XRP the same?

Accepted Answer

XLM and XRP share similar cross-border payment blockchains but differ in their features and cost-efficiency. XLM targets individual or small financial services. Whereas, XRP targets larger financial institutions.

Question 7

Which is better, XLM or XRP?

Accepted Answer

Comparatively, XLM is more accessible to a broader range. Hence, enhance your portfolio with Stellar.

Question 8

How many Banks are currently using XLM?

Accepted Answer

More than 300 banks and financial institutions are the XLM service providers across 45 countries.

Question 9

How many transactions can XLM support?

Accepted Answer

Currently, Stellar supports around 1000 to 5000 transactions per second.

Question 10

What are the transaction fees of XLM?

Accepted Answer

Currently, top crypto exchanges charge 0.00001 XLM per transaction.

Stellar (XLM) ニュース：最新の更新、見出しと分析