xLm

1. Project Core Overview

Stellar (XLM) is an open-source Layer-1 blockchain network launched in 2014, originally derived from the Ripple codebase. It has independently developed under the management of the non-profit organization Stellar Development Foundation (SDF) since 2015. Its core mission is to connect banks, payment systems, and individuals, providing low-cost and fast cross-border payment and asset issuance services, focusing on financial inclusion and the interoperability of traditional finance and blockchain.

Its core technical feature is the use of the Stellar Consensus Protocol (SCP) derived from the Federated Byzantine Agreement (FBA), which achieves consensus without mining through a 'supermajority slice' of trusted nodes, ensuring 99.99% network uptime. The network emphasizes fast settlement (completed in seconds), ultra-low transaction fees (payment settlement requires only a fraction of a cent), multi-asset support (stablecoins, tokenized securities, etc.), built-in order book DEX, and a compliance-friendly anchor/gateway model, becoming a bridge between regulated financial institutions and decentralized ecosystems.