Cryptocurrency News

What is Stellar? A Primer on Our Wallet’s Newest Cryptoasset

In January, we launched a new education initiative called Blockchain Primers to ensure our users have the latest and most reliable information, data, and research on the cryptoasset options in their wallets (and beyond).

Today, we’re happy to share a primer on Stellar (XLM), which many of you have test-driven through our $125M airdrop.*

In it, you’ll find:

  • Highlights: quick takeaways on XLM’s key differentiating features (e.g., strengths and issues/tradeoffs)
  • Data: empirical data summarized in charts and tables, including new data not previously available to the public
  • Comparative summary: quantitative and qualitative data-driven comparison against Ripple (XRP)
  • References: links to additional information where you can learn more

Founded in 2014 by crypto pioneer Jed McCaleb and Joyce Kim, Stellar is designed to be a “world-wide payment network” that facilitates the fast exchange of currencies, assets and tokens with negligible transaction fees.

That utility and payments focus has led its native token, Lumens (XLM), to consistently rank as one of the leading cryptoassets in both market value and ecosystem support (e.g. exchange listings and partnerships with companies like IBM, Stripe and Kik).

We’ll have more insights on Stellar in the coming months, but encourage you to download our Stellar Primer for a digestible, yet thorough, rundown of how XLM can play a role in your Blockchain Wallet.

Click here to download our Stellar Primer.

*If you haven’t yet taken advantage of our airdrop, there’s still time! Click here to get started.

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