Coin of the Week – Stellar
- Post by: bag2q
- May 7, 2020
- Comments off
7 May 2020.
Here’s our first coin of the week for May 2020!
Stellar has underperformed BTC by -1.16% this week, while rising 3.06% against the USD.
- Volume of 10 Bitwise verified exchanges (last 24hrs): $19,280,990
- Transaction Volume (Adjusted 7 day average): $14.80 Million
- Active Addresses (7 day average): 55,748
What is Stellar?
Stellar is an open-source network for currencies and payment, using a blockchain-based platform to enable fast cross-border payments at negligible costs. Besides representing a decentralized international payments infrastructure, Stellar also serves as a decentralized distributed exchange.
The Stellar Development Foundation (SDF) is a non-profit organization founded in 2014 for the purposes of supporting the development and growth of the open-source Stellar network.
The SDF recently invested $5 Million in Abra. Abra is a global investment app open to over 150 countries and enables users to invest in a broad range of cryptocurrencies.
The investment aims to bring new products to the Stellar network.
Read the Kintaro Capital Stellar Report here
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