In the general market, it is believed that the main reason for the abolition of Star Coin is that the number of its users is gradually decreasing. Compared with other digital currency, such as Ripple, its market value and the number of users are rising, so it is also considered as a more promising digital currency. In the actual economic transaction process, the founder of Star Coin is also the founder of Qianruibo Coin, but the market value trends of the two coins are completely different.

1. What is XLM Star Coin?

Introduction: Stellar is a digital currency project initiated by JedMcCaleb, the former founder of Ripple, to build a decentralized gateway for transmission between digital currency and French currency. It will be provided to users in the form of free distribution, and its supply line is 654.38+000 billion, of which 95% of the star coins are used for free distribution.

Issue date: 20 14

Star coin, full name of lumen in English, XLM code in digital currency. The English name of Star Coin was Stellar, abbreviated as STR, and was later renamed Lumens by the operating company.

Total supply:103,629,865438+514xlm.

Current total circulation:18,432,206,941xlm.

Market value: 7603865438 USD +09897 USD.

Second, the main features of star coins are as follows:

1.Stellar's team is experienced. Board members include Keith Rabois, former chief operating officer of Square, Patrick Collison, CEO of Stripe, Jackson Palmer, co-founder of dogecoin, and Naval Ravikant, co-founder of AngelList, who will serve as consultants for the project.

2. As an upgraded version of Ripple Coin, Stellar Coin has made many improvements on the technical basis, especially the related * * * identification mechanism and verification algorithm, which has improved the performance of the operating nodes of Stellar Network and has low demand for node resources;

3. As a token of the star payment network, the star currency can be exchanged for any currency, and the transfer payment speed is fast.

Third, chip analogy.

As an analogy, credit equivalents can be considered as chips. The casino where chips are issued is the entrance. The customer gives money to the casino (legal tender of the customer->; Gateway), the casino gives customers chips (gateway account number->; Customer account). These chips are marked as follows: 1) the currency (and amount) issued, and 2) the name of the casino that issued the chips. In the star system, the same is true for credit equivalents. Credit equivalent is a combination of "currency/issuer", marked with the amount, which is expressed as the amount object in the agreement. The publisher (casino name) is an address controlled by the gateway. Customers can return their chips to the casino at any time and convert them into cash.