History of Stellar
Stellar was founded in 2014 by Jed McCaleb and Joyce Kim. McCaleb was one of the co-founders of Mt. Gox, the first bitcoin exchange, and had previously worked on the Ripple payment protocol. He and Kim saw an opportunity to create a more accessible and efficient cross-border payment platform that would be open source, decentralized, and based on blockchain technology.
- The Stellar network was officially launched in 2015, with 100 billion Lumens (XLM) being created in the genesis block.
- In 2016, Stellar formed a partnership with IBM to explore the use of blockchain technology for cross-border payments.
- This partnership helped to drive the growth and adoption of the Stellar network and led to the creation of the IBM Blockchain World Wire, a cross-border payment platform based on Stellar.
- Over the next few years, Stellar continued to grow and expand its network. It established partnerships with major financial institutions, such as Deloitte, Stronghold, and Tempo, and launched several initiatives to promote financial access and inclusion, such as the Stellar Lumens (XLM) airdrops.
Today, Stellar is one of the largest decentralized platforms for cross-border payments, with a growing network of users, partners, and developers. Its goal is to provide a fast, secure, and affordable solution for moving money across borders, and to promote financial access and inclusion for people around the world.
What is Stellar Blockchain?
Stellar is a decentralized, open-source platform that enables fast, secure, and low-cost cross-border transactions. The Stellar network was founded in 2014 by Jed McCaleb and Joyce Kim, and its mission is to promote financial access and inclusion by enabling individuals and organizations to move money across borders quickly and cheaply.
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