Stellar was created by the founder of Ripple, Jed McCaleb, and Ripple’s former lawyer Joyce Kim in July 2014. The network is designed to provide users with a smoother, easier to use, and cheaper means of sending funds around the world. According to the Stellar Development Foundation, their aim is to “unlock the world’s economic potential by making money more fluid, markets more open, and people more empowered.”.
Created from a hard fork off of the Ripple protocol, the Stellar network originally aimed to boost financial inclusion focused particularly on the unbanked populations of the world, but soon after launching refocused its priorities to assisting financial firms to connect with one another through blockchain technology.
XLM, known as lumens, provides the means for quick and inexpensive transfer of assets or value across borders. All transactions made on the network have a fixed transaction fee of 0.00001 XLM, no matter the size. The network has created a maximum supply of 50,001,806,812 XLM coins. See the chart above depicting the XLM price data and use the Buy button to start trading.