Stellar (XLM) is a decentralized, open-source blockchain network designed to facilitate fast, low-cost cross-border payments. Launched in 2014 by Jed McCaleb, co-founder of Ripple, Stellar aims to connect financial institutions, payment systems, and individuals with a focus on serving the unbanked and underbanked populations worldwide.
At the heart of the Stellar network is the Lumen (XLM), its native digital asset, used to facilitate transactions and prevent spam. Unlike Bitcoin, which focuses on peer-to-peer transfers, Stellar is optimized for currency exchange and remittances. Its built-in decentralized exchange (DEX) allows users to trade any asset directly on the network.
With partnerships ranging from IBM to governments experimenting with digital currencies, Stellar is positioning itself as a key player in the future of global financial infrastructure.
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Stellar Cryptocurrency: A Quick Overview
Stellar (XLM) is a decentralized, open-source blockchain network designed to facilitate fast, low-cost cross-border payments. Launched in 2014 by Jed McCaleb, co-founder of Ripple, Stellar aims to connect financial institutions, payment systems, and individuals with a focus on serving the unbanked and underbanked populations worldwide.
At the heart of the Stellar network is the Lumen (XLM), its native digital asset, used to facilitate transactions and prevent spam. Unlike Bitcoin, which focuses on peer-to-peer transfers, Stellar is optimized for currency exchange and remittances. Its built-in decentralized exchange (DEX) allows users to trade any asset directly on the network.
With partnerships ranging from IBM to governments experimenting with digital currencies, Stellar is positioning itself as a key player in the future of global financial infrastructure.