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An overview of the Stellar network, its XLM token, Soroban smart contracts, and its role in cross-border payments and real-world asset tokenization.
Launched in 2014, the Stellar network functions as a decentralized blockchain built to facilitate near-instant global payments and connect financial systems [1]. The platform aims to transform international remittances and currency exchanges by offering safer, faster, and more affordable solutions [1]. In 2024, the network released Protocol 20, enabling full-featured smart contracts through its Soroban platform [1].
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 2 outlets · Jun 12, 2026 · How we report
Stellar aims to connect global financial systems by providing a fast, scalable, and sustainable protocol for near-instant payments and currency exchanges.
The network uses the Stellar Consensus Protocol (SCP), which relies on a Federated Byzantine Agreement where known, trusted nodes collaborate to reach an agreement on transaction validity.
Soroban is Stellar's smart contract platform, built with Rust and WebAssembly, designed specifically to support sophisticated financial applications like lending protocols and decentralized exchanges.
No, XLM and XRP are separate cryptocurrencies built on different networks with distinct technologies and governance structures.