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Non-block ledger

Stellar ticker XLM

  • No public-data lookups yet
  • 5 reviewed developments
  • 40 cited sources

Summary

Stellar Core nodes run the Stellar Consensus Protocol, a form of federated Byzantine agreement. Each validator picks its own quorum set (the nodes and organizations it trusts) and a threshold; a statement becomes safe to act on once enough overlapping trusted groups have voted, accepted and confirmed it. Each round has a nomination stage that converges on candidate transaction sets and a ballot stage that prepares and commits one set, which is then applied as the next ledger, generally every 5 to 7 seconds. Sybil resistance comes from real-world trust choices rather than stake or work: validators are not paid, and the Tier 1 group of organizations, each running three validators, is the set most others require agreement from (10 organizations in the docs' example Mainnet configuration as updated in August 2026). 23459141623

Design

System
Non-block ledgerStellar's own documentation calls it a layer-1 blockchain, and each ledger carries the hash of the previous one back to the genesis ledger. It is filed with non-block ledgers here because there is no mining, no block reward and no fork choice: validators agree on each ledger through federated voting among organizations they chose to trust, and the network halts rather than forks when they cannot agree. Block-production measures are therefore replaced by ledger closes.
Settlement family
Its own design
Scarce resource
Reputation
State model
Accounts
Finality
Other
Who makes blocks
Every validator crafts a candidate transaction set from the valid transactions it has seen. Nomination uses a per-round leader election: each node weights organizations by the quality rating it gave them in its own configuration (not by stake), nodes adopt the leaders' candidates, and the protocol converges on one set, its close time and any network upgrades. There is no fixed or stake-weighted proposer and no reward for proposing.
Fork choice
No weight-based fork choice. A ledger closes only when a node's quorum slices confirm the same transaction set, so conflicting ledgers would require quorums that do not overlap in well-behaved nodes. Keeping that overlap depends on how operators configure their quorum sets, which Tier 1 organizations coordinate off-chain. When agreement is impossible the network stops closing ledgers instead of splitting.

Qualifications

Tradeoffs

This view follows one way of thinking about design priorities, often called the blockchain trilemma. The design-priorities lesson sets out the counter-view. Read the design-priorities lesson.

Emphasizes
Security and Decentralization Contested
Gives up
Liveness, throughput headroom and, in practice, breadth of consensus. The design prefers halting to forking, so the network stops when quorums cannot agree (it halted for 67 minutes in May 2019). Validators cap the work in each ledger and make storage writes much more expensive once live state passes a target size, which keeps node requirements modest at the cost of throughput headroom. Safety and liveness rest on a small Tier 1 group (10 organizations in the docs' example configuration), admitted through existing members' trust choices and coordinated off-chain.Security here means safety-first finality, not economic security: no stake can be slashed, and the guarantee depends on well-configured, overlapping quorum sets. Decentralization means open membership, no stake or payment needed to validate, and modest node hardware. That reading is contested: network safety and liveness rest on a Tier 1 group (10 organizations, the foundation among them, in the docs' example configuration) admitted by other organizations' trust decisions, and the foundation held about 15.6 of roughly 50 billion lumens in the docs' July 2026 snapshot.
Full node at home
Practical at home 141516Stellar's validator guide recommends 8 vCPUs at 3.4 GHz, 16 GB RAM and a 100 GB NVMe SSD (10,000 IOPS), verified against production nodes in April 2024, and puts the typical working set at 30 to 60 GB (the page was last updated in August 2026; the storage estimate carries no separate date). A validator needs an open peer port and an accurate clock. Nodes that publish full history put multi-terabyte archives on separate object storage, and Tier 1 organizations run three separate nodes. Hardware for the separate data services was not reviewed.
Throughput claims
  • Theoretical peak 111415Theoretical peak; not comparable across chains or with observed load.Ledger capacity set by validators, not a rate: 1,000 non-contract operations and up to 2,000 contract transactions per ledger on Mainnet (July 2026). No per-second figure is given.Settings as documented in July 2026; validators can change them by vote.Not tied to a stated hardware profile. The validator hardware recommendation was last verified in April 2024.A configured ceiling is not observed load; surge pricing starts only when submitted work exceeds it. Smart contract capacity is also bounded by per-ledger resource limits (instructions, reads, writes and bytes), so the transaction count alone overstates what heavy contracts can use. The figures ignore state growth and history-archive bandwidth, which the validator guide names as the main cost drivers for archive-publishing nodes.
Headline figures are not comparable across chains. A theoretical peak is never a like-for-like number.

Scaling layers

Capabilities

Capabilities of Stellar: how each one is provided, or its research status
CapabilityHow it is providedNotes and sources
Account abstractionStructured assessment pendingNot yet assessed for any chain.
Atomic swapsBuilt into the protocolLimited scopeLimited to exchanges on Stellar itself. A transaction may carry operations from several accounts, each signed by its owner, and it applies all-or-nothing, so two parties can exchange assets in one transaction without an intermediary. Path payments also convert through the built-in order book and liquidity pools inside one operation. The docs describe hash-preimage signers as especially useful for atomic cross-chain swaps; those are a building block for swaps with other networks. 7812
Authenticated data publicationUnknownNot yet assessed under the current definitions; the reviewed features keep data in ledger state: accounts can store small name and value pairs (up to 64 bytes each) with the manage data operation, and contracts store their own data. The current definition does not count data held only in chain state, no other publication feature was found, and absence was not exhaustively verified. 10
Light clientsUnknownNot yet assessed under the current definitions; no documented light-client path that lets an end user verify consensus without a full node was found. The documented data services (Stellar RPC and Horizon) are servers a user trusts unless they run one, and nodes catch up from hash-linked history archives. 1420
Native staking or delegationStructured assessment pendingNot yet assessed for any chain.
On-chain governanceStructured assessment pendingNot yet assessed for any chain.
Parallel executionStructured assessment pendingNot yet assessed for any chain.
Payment or state channelsPartial (layer not stated) Earlier definitionProtocol 19 added transaction preconditions whose stated goal includes enabling off-chain payment channels, and the foundation built the Starlight prototype on them, but that repository is archived and no production channel network was found. 2427
Programmable spendingNative (protocol or core-team software) Earlier definitionClassic accounts support weighted multisignature thresholds, pre-authorized transaction hashes, hash-preimage signers and transaction preconditions such as time bounds and relative timelocks. Since February 2024 Soroban adds WebAssembly smart contracts, including contract accounts with custom authorization; Protocol 27 added first-class delegation of that authorization. 6781319
Protocol-verified messagingStructured assessment pendingNot yet assessed for any chain.
Reversible transfers or recoveryBuilt into the protocolLimited scopePart (a) through built-in claimable balances: a sender can create a balance with time conditions so that it reclaims the funds if the recipient has not claimed in time. Part (b) is not met by the protocol: relative timelocks (Protocol 19) are building blocks for time-delayed key recovery set-ups, not a defined recovery role. Issuers can enable clawback on their own assets and burn balances from holders for fraud, regulatory action or lost-key recovery; that is issuer control over holders, and lumens have no issuer and cannot be clawed back. 171824
RollupsUnknownAbsence was not verified, so the rule that absence needs a source makes this unknown rather than not present. The earlier review found no rollup settling to Stellar in the reviewed documentation or release notes; Protocol 25 and 26 added zero-knowledge proof building blocks, which are not a rollup. 1321
Shielded transfersStructured assessment pendingNot yet assessed for any chain.
Signed partial offersNot presentA Stellar offer is a standing order stored as a ledger entry in the protocol's built-in order book, and the protocol liquidity pools hold pooled reserves. Neither lets a maker sign one side of a trade that any taker completes in one transaction: the order book is a Layer C venue whose orders are ledger entries, and a pool holds the assets before any trade. 12
Reading these values
How this feature is provided
Built into the protocol, core-team software or independent software says where a feature lives and who can change it. These are implementation layers, not quality: core-team software is not closer to the protocol than independent software.
Structured assessment pending
The shared review has not assessed this feature for any chain yet (Account abstraction, Native staking or delegation, On-chain governance, Parallel execution, Protocol-verified messaging and Shielded transfers). That does not mean it is absent, and a chain’s profile may already describe it.
Unknown
The review has not established this for this chain under the current definition; the note beside it says why. Unknown is not absent and not a low score. A feature reads “Not present” only when a source shows it is absent.
Earlier definition
Payment or state channels, Programmable spending and Rollups keep the earlier definition until the next fact-check. There, “Native” does not separate the protocol from core-team software, “Ecosystem software” does not say who publishes it, and “Partial” does not say which layer.
Reading across rows
The list of capabilities is incomplete. Do not read these rows as a chain leading or lagging overall.

Definitions, schema version and review history

Ecosystem & custody

Ecosystem products for Stellar
Product typeStatusNotes and sources
Automated market makersNative to the protocolStellar order book (protocol), Protocol liquidity pools, Aquarius, SoroswapThe ledger itself includes an order book and constant-product liquidity pools with a fixed 0.30% fee, used together by path payments. Smart-contract venues include Aquarius (its own Soroban AMM) and Soroswap (an AMM and aggregator that also routes through Phoenix and the built-in order book). Liquidity depth was not reviewed. 123738 As of Sep 27, 2026.
Issuer-native stablecoinsEstablished in the ecosystemUSDC (Circle), EURC (Circle)Circle lists USDC and EURC issued directly on Stellar as classic assets with Circle issuer accounts. Native here means issuer-issued on Stellar, not a protocol asset; issuers keep the asset controls the protocol gives them. Tether's own protocol list does not include Stellar; USDT0 on Stellar is a LayerZero-based representation backed by USDT locked on Ethereum, recorded under bridges. 28293233 As of Sep 27, 2026.
Algorithmic stablecoinsUnknownAlgorithmic or collateral-debt stablecoins on Stellar were not reviewed. As of Sep 27, 2026.
BridgesEstablished in the ecosystemCircle CCTP, Axelar (GMP and Interchain Token Service), USDT0 (LayerZero OFT), Allbridge CoreCircle's cross-chain transfer protocol lists Stellar and requires a forwarding contract for transfers into Stellar. Stellar's docs list Axelar for cross-chain messages and tokens. USDT0 publishes a Stellar deployment. Allbridge Core says its Stellar support is temporarily unavailable while its Stellar CCTP implementation is pending audit. Risk: Each route adds its own trust: Circle attestations for CCTP, Axelar's validator set and hub for Axelar, and LayerZero verifier networks plus a multisig-owned Ethereum lockbox for USDT0. Circle warns that CCTP transfers to a Stellar account without its forwarding contract become permanently stuck. A bridged token is only as sound as its origin asset and route. 21303133343536 As of Sep 27, 2026.
Block explorersEstablished in the ecosystemStellarExpert, StellarChain, Stellar Explorer (steexp), SoroscanStellar's developer docs list these explorers; Soroscan is described there as newer and under active development. Listing is not a quality or completeness check, and explorer data is provider-indexed. 22 As of Sep 27, 2026.
Hardware walletsEstablished in the ecosystemLedger, TrezorSee custody rows: both vendors list Stellar in their own apps. Support for Stellar issued assets such as USDC in those apps was not verified. 3940 As of Sep 27, 2026.

Hardware-wallet custody

Hardware-wallet custody for Stellar
Device makerStatusWhat users can and cannot do
LedgerNative supportSame as native: YesCan: Set up and manage a Stellar account holding XLM in the Ledger Wallet app with keys on a Ledger deviceLedger's page covers XLM; whether issued Stellar assets and Soroban contract interactions can be signed in Ledger Wallet was not verified. 39 As of Sep 27, 2026.
TrezorNative supportSame as native: YesCan: Send and receive XLM in the Trezor Suite app on Trezor Safe 3, Safe 5 and Safe 7
Can: Sign with a Trezor through third-party apps Trezor lists: Exodus, Stellar Account Viewer and StellarTermTrezor's page covers XLM; support for issued Stellar assets in Trezor Suite was not verified. 40 As of Sep 27, 2026.

Public data

iKnow Blockchain has no public-data lookups for Stellar yet. This is a limit of the service, not a statement about the network.

Public-data lookups for Stellar
LookupStatusWhat it covers and its limits
Address or accountNot available yetPublic-data lookups for this chain are not built yet.
Tokens and assetsNot available yetPublic-data lookups for this chain are not built yet.
NFTsNot available yetPublic-data lookups for this chain are not built yet.
TransactionsNot available yetPublic-data lookups for this chain are not built yet.

A lookup covers one address or transaction from one provider. It is never a complete wallet, and an error or private value is reported as unknown, not zero. About public data · Connect your AI

Sourced developments

Developments: Review overdue Reviewed Sep 27, 2026; next review was due Oct 7, 2026, 12:00 UTC.

Publication date · newest first

Topics your AI can explain

Your AI can explain these topics for Stellar through the connection, with sources.

Known gaps

What this profile's review did not establish:

Sources

Oldest dated source check: Source checked Sep 27, 2026 Next check due Oct 27, 2026.

All 40 sources were checked in the last 30 days.

  1. Lumens (XLM) (external site)Stellar Development Foundation (Stellar Docs) · retrieved
  2. Stellar Consensus Protocol (external site)Stellar Development Foundation (Stellar Docs) · retrieved
  3. Admin Guide: Configuring (external site)Stellar Development Foundation (Stellar Docs) · retrieved
  4. Example Mainnet full-validator configuration (stellar-core.cfg) (external site)Stellar Development Foundation (GitHub, stellar/packages) · retrieved
  5. Ledgers (external site)Stellar Development Foundation (Stellar Docs) · retrieved
  6. Accounts (external site)Stellar Development Foundation (Stellar Docs) · retrieved
  7. Operations and Transactions (external site)Stellar Development Foundation (Stellar Docs) · retrieved
  8. Signatures and Multisig (external site)Stellar Development Foundation (Stellar Docs) · retrieved
  9. Transaction Lifecycle (external site)Stellar Development Foundation (Stellar Docs) · retrieved
  10. List of Operations (external site)Stellar Development Foundation (Stellar Docs) · retrieved
  11. Fees, Resource Limits, and Metering (external site)Stellar Development Foundation (Stellar Docs) · retrieved
  12. Liquidity on Stellar: SDEX and Liquidity Pools (external site)Stellar Development Foundation (Stellar Docs) · retrieved
  13. Software Versions (external site)Stellar Development Foundation (Stellar Docs) · retrieved
  14. Validators Introduction (external site)Stellar Development Foundation (Stellar Docs) · retrieved
  15. Admin Guide: Prerequisites (external site)Stellar Development Foundation (Stellar Docs) · retrieved
  16. Tier 1 Organizations (external site)Stellar Development Foundation (Stellar Docs) · retrieved
  17. Clawbacks (external site)Stellar Development Foundation (Stellar Docs) · retrieved
  18. Claimable balances (external site)Stellar Development Foundation (Stellar Docs) · retrieved
  19. Smart contracts overview (external site)Stellar Development Foundation (Stellar Docs) · retrieved
  20. RPC Introduction (external site)Stellar Development Foundation (Stellar Docs) · retrieved
  21. Cross-Chain (external site)Stellar Development Foundation (Stellar Docs) · retrieved
  22. Block Explorers (external site)Stellar Development Foundation (Stellar Docs) · retrieved
  23. May 15th Network Halt (external site)Stellar Development Foundation · retrieved
  24. CAP-0021: Generalized transaction preconditions (external site)Stellar Protocol (GitHub) · retrieved
  25. CAP-0076: P23 State Archival bug remediation (external site)Stellar Protocol (GitHub) · retrieved
  26. CAP-0077: Freeze Ledger Entries via Network Configuration (external site)Stellar Protocol (GitHub) · retrieved
  27. Starlight payment channel prototype (archived repository) (external site)Stellar Development Foundation (GitHub, stellar-deprecated) · retrieved
  28. USDC contract addresses (external site)Circle · retrieved
  29. EURC contract addresses (external site)Circle · retrieved
  30. CCTP supported blockchains (external site)Circle · retrieved
  31. CCTP on Stellar (external site)Circle · retrieved
  32. Supported protocols (external site)Tether · retrieved
  33. USDT0 Technical Documentation (external site)USDT0 · retrieved
  34. USDT0 Contract Deployments (external site)USDT0 · retrieved
  35. Stellar Interchain Token Service (ITS) (external site)Axelar · retrieved
  36. Allbridge Core documentation (external site)Allbridge · retrieved
  37. Welcome to Aquarius (external site)Aquarius · retrieved
  38. Soroswap Finance documentation (external site)Soroswap Finance · retrieved
  39. Stellar Wallet (external site)Ledger · retrieved
  40. Stellar wallet (external site)Trezor · retrieved

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Funding disclosure

Funding disclosures appear here when an upkeep arrangement exists, in the form “Upkeep funded by [name]; verdicts unaffected.” The funder ledger has not been published yet. Neutrality & funding