What is Stellar? – A Bit of History

Stellar is a digital currency, which operates free of any central control or the oversight of banks or governments.  Stellar is what the market describes as a decentralized cryptocurrency. Instead it relies on peer-to-peer software and cryptography. A public ledger records all Stellar transactions and copies are held on servers around the world. Various miners across the globe are participating in the network / ledger, and thereby help with approving transactions.

Blockchain is a genius system, which is recording information in a very smart way, that makes it difficult to alter or hack.

Each and every block in the blockchain contains a number of transactions, and every time a new transaction occurs on the blockchain, a record of that transaction is then added to every participant’s ledger.

Stellar was created in 2014 and has been moving forward ever since.

Stellar was created in 2014 and launched in 2015 with the mission of bringing the world’s financial systems together under one network.  The coin certainly performed very well in 2021, increasing in value from $0.13 at the beginning of 2021 to closing the year at $0.27.

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Stellar – All Time High – XLM/USD

Stellar’s price has gone as high as $0.27 (which is XLM’s all-time high).
Reached in 2021.

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Picture shows Stellar price, from when Stellar came on Coimarketcap – And until now.
Please be aware that Bitblinx disclaims, that investing in cryptocurrencies are very risky in general.

Most cryptocurrencies are highly volatile.

Many crypto enthusiasts believe that Stellar will be a great project for many years, as Stellar are gathering many projects in the crypto space. Some even predict, that Stellar will be used as legal tender, just like we see Bitcoin today – in El Salvador.

Link to article
https://medium.com/hackernoon/why-stellar-could-be-the-next-big-ico-platform-f48fc3cb9a6c
We wish Stellar all the best of luck, in their current and future adoption.

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