Stellar is among the top 30 largest cryptocurrencies

On December 28, Stellar (XLM) traded at 28.62 cents per token, occupying the 27th line of the “hit parade” with a market capitalization of $ 7.097 billion. The decline to the current 26.6 cents did not change its position in the rating.

Stellar debuted in 2014 as a fork of Ripple (XRP), designed to bridge the gap between traditional financial institutions and digital currencies.

Stellar is managed by the non-profit organization Stellar Development Foundation. The network allows you to exchange US dollars, bitcoins, yen, as well as many traditional currencies and cryptocurrencies. The network’s own token called Stellar Lumen (XLM) increases the efficiency of trading (which are characterized by a low commission), reducing carbon dioxide emissions.

The network allows individuals and organizations to create tokens for their own use, which has made it a “base” for sustainable development initiatives (for example, investing in renewable energy sources).

The Stellar network dispenses with classical PoW or PoS mechanisms.

The open source platform relies on trusted nodes tasked with computing new blocks. The authentication cycle is shorter and faster, which reduces power consumption.

XLM ended 2020 at 13.24 cents. The growth of the currency by December 28 surpassed the results of bitcoin, but turned out to be more modest than the successes of Ethereum and Cardano. At the time of writing, one token cost 26.6 cents.

Ethereum 2.0, ADA and XLM are green alternatives to classic cryptocurrencies. It is worth mentioning similar, though less popular currencies, including SolarCoin (SLR), BitGreen (BITG), Nano (NANO), IOTA (MIOTA), EOSIO (EOS), TRON (TRX) and Burstcoin (BURST).

Remember, however, that all cryptocurrencies, including the “green” representatives of the class, are very volatile assets. Any investment is subject to the risk of complete depreciation. However, the energy transition will favor progressive cryptocurrencies in 2022.