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How many stellar coins are issued XLM coin issuance list
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Date:2024-04-29 18:51:09 Channel:Exchange Read:
In the world of cryptocurrency, Stellar Lumens (XLM) is a digital currency that has attracted much attention, and its total issuance has always attracted much attention. People are full of curiosity about how many Stellar coins have been issued and how these coins are distributed. This article will delve into the total issuance and distribution of Stellar Lumens, reveal the detailed list of XLM coin issuance, and give you a deeper understanding of this digital currency.The total amount of Stellar Lumens issuance has always been a hot topic among digital currency enthusiasts. In the field of cryptocurrency, the size of the total issuance is directly related to the scarcity and value of the currency. The total circulation of Stellar Lumens is limited. According to official data, the total circulation of Stellar Lumens is 100 billion. This huge number makes people wonder, how are so many stars distributed?First, let’s look at the issuance mechanism of Stellar Lumens. The initial issuance of Stellar Lumens was carried out through the Initial Coin Offering (ICO). During the ICO stage, the Stellar Lumens team issued a portion of coins as initial supply, and most of these coins were used for project development, operations, and ecological construction. In addition, a portion of the coins will also be used to encourage community building and promotion to promote the widespread application and promotion of Stellar Lumens.Over time, the issuance of Stellar Lumens gradually increases, but the rate of increase is limited. According to Stellar’s issuance rules, the annual new issuance will not exceed 1%. This regulation ensures that the inflation rate of Stellar Lumens remains within a controllable range, while also protecting the interests of currency holders and preventing inflation from having an excessive impact on the value of the currency.In addition to the stellar coins held by the team and the portion that is issued year by year, there is also a portion of stellar coins that are distributed to node participants on the network through a reward mechanism. These node participants provide support for the Stellar network by verifying transactions, maintaining network security, etc. As a reward, they will receive a certain number of Stellar coins as incentives. This mechanism not only promotes the stable operation of the network, but also increases the circulation of Stellar Lumens, helping to improve its market liquidity.Additionally, Stellar will be distributed through partnerships. The Stellar team works with various partners to promote the application and promotion of Stellar in different fields. As incentives and rewards, a portion of Stellar Lumens will be distributed to these partners to promote the development and promotion of the project. This cooperation mechanism not only expands the influence of Stellar Lumens, but also provides more usage scenarios and value expressions for currency holders.In general, although the total issuance of Stellar Lumens is huge, its distribution mechanism is reasonable and transparent. From team holding, annual issuance, node incentives to partner distribution, the destination of each part of Stellar Lumens has its own reasonable logic and purpose. This distribution mechanism not only ensures the stable operation of the Stellar network, but also provides more value-added methods and usage scenarios for currency holders, further promoting the healthy development of the Stellar ecosystem.In the field of digital currency, Stellar Lumens is a cryptocurrency that has attracted much attention, and its total issuance and distribution have always attracted much attention. By gaining a deeper understanding of how Stellar is issued and distributed, we can better grasp the value and potential of this digital currency. It is believed that as the Stellar Lumens ecosystem continues to improve and develop, Stellar Lumens will show brighter prospects in the future and bring more innovation and opportunities to the digital currency industry.The four most famous international exchanges:
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XLM coin is the native token in Stellar, a decentralized peer-to-peer network founded by Jed McCaleb and Joyce
Decentralized peer-to-peer network created by Kim. Stellar was actually founded in 2014 when it was forked from the Ripple protocol, so it is now considered Ripple's biggest competitor. In fact, the core difference between these systems is that Ripple hopes to cooperate specifically with banks and financial institutions, while Stellar is a payment system designed from the ground up, which takes the public more fully into consideration. Everyone wants to know how many stellar coins are issued in total? Let the editor of the currency circle introduce to you the circulation of XLM coins.
How many stellar coins are issued in total?
The total amount of stellar issuance is 50,001,806,812
XLM, the native token of the Stellar network is Lumens or XLM. XLM helps enhance the entire scope of operations on blockchain networks. During the launch, approximately 100 billion XLM tokens were created. As mentioned earlier, XLM has a fixed annual inflation rate of 1%. XLM has three main functions in the ecosystem:
·Pay transaction fees.
·Account management on the Stellar network.
·Lastly, and most importantly, power the Stellar payment system.
XLM transactions need to be cheap and efficient because their main purpose is to create a global payments network. This is why the transaction fees associated with them are more manageable than Bitcoin or Ethereum.
Like any decentralized protocol, Stellar requires a consensus mechanism to synchronize and make decisions. SCP allows its network to scale quickly, more so than Proof of Work (PoW). SCP is the first provably secure consensus mechanism that ensures the network will work despite any node failure.
The following are the main features of SCP:
The network has no central authority and anyone can participate in the consensus process. This ensures that the entire network is trustless.
Nodes can reach consensus very quickly and with low latency.
The entire system works together to protect Stellar from threat actors with large amounts of hashing power.
Comprehensive introduction to the Stellar Lumens project
Stellar is Mt-
Gox and McCaleb, the original founder of Ripple, recently launched a new payment system similar to Ripple. Joyce King, executive director of the Stellar Development Foundation, said Stellar will serve as a bridge between fiat currencies and digital currencies, which is key for digital currencies to be adopted by mainstream users. This new platform is a decentralized gateway for transfers between digital currencies and fiat currencies. Like Ripple and Bitcoin, Stellar will have its own digital currency, Stellar.
The network created by Stellar Lumens has the same function as the Ripple payment network. It can transfer any currency through it, including US dollars, euros, RMB, Japanese yen or Bitcoin. It is simple, easy and fast. It relies on Bitcoin blockchain technology. Connect 180 currencies in the world within 2-5 seconds, connect banks, payment systems and the general public, reducing transaction costs and time delays caused by cross-border payments.
Stellar’s public white paper (written by Professor David Mazières) details the working principle of the Stellar Consensus Protocol (SCP). The white paper is listed on Google Scholar and has been cited 39 times at the time of writing this blog post. The 32-page paper is highly technical and contains a detailed mathematical proof of the correctness of the Federated Byzantine Agreement (FBA) consensus model.
The above content is the editor’s answer to the question of how many Stellar Lumens are issued in total. Stellar makes it possible to create, send and trade digital representations of all forms of currency. It can support US dollars, Bitcoin and almost anything. It is designed so that all financial systems in the world can work together on a network. tellar's API and SDK are ready to help users change the world of finance, and the network's monetary connectivity can give even small companies the power and influence of an international bank. Users are able to trade crypto, forex or securities using Stellar’s built-in decentralized exchange, and can also swap between tokens using simple functionality built into the protocol.
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