The Stellar project began in 2014 under the leadership of its founders Jed McCaled and Joyce Kim and is based on the Ripple protocol. In 2015, the name of the token was changed from Stellar to Lumen to distinguish the Stellar network from Stellar.org, the non-profit organization that contributes to the development of the network. The currency is based on the Stellar Consensus Protocol , called SCP, a construction for federated Byzantine agreement. While Ripple targets financial institutions Stellar Lumens is more aimed at individuals.
This data was last updated 2020-10-22 06:54:00 UTC