What is Stellar Lumens (XLM)?

Stellar Network is a public, decentralized blockchain network that facilitates fast, inexpensive, secure global transfers. Its native cryptocurrency, Stellar Lumens (XLM), acts as a bridge between different currencies, enabling efficient transactions between traditional and digital currencies.

Founded in 2014 by Jed McCaleb and backed by the Stellar Development Foundation, Stellar aims primarily to improve access to the global financial system, especially in regions with limited banking services. The network uses the Stellar Consensus Protocol, a consensus mechanism that allows transactions to be validated quickly and with low energy consumption.

Stellar stands out for its ability to process thousands of transactions per second with minimal fees, making it an attractive option for international payments, remittances and decentralized financial applications (DeFi). In addition, its architecture enables the issuance of digital assets, such as stablecoins and tokens representing real-world assets.

3D coin with the Stellar Lumens symbol

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