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Stellar Lumens (XLM) – Crypto price chart, background, and sentiment |
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Widgets supplied in partnership with Acuity. Pricing and sentiment does not represent ADSS data or market view.
Stellar Lumens (XLM) is the native cryptocurrency of the Stellar network, a blockchain-based platform aimed at facilitating cross-border transactions and connecting financial systems.
Widgets supplied in partnership with Acuity. Pricing and sentiment does not represent ADSS data or market view.
Launched in 2014 by Jed McCaleb, co-founder of Ripple, Stellar is designed to provide a fast, efficient, and cost-effective way to transfer money globally. The network uses a consensus mechanism called the Stellar Consensus Protocol, which is claimed to be more energy-efficient than traditional proof-of-work systems.
XLM serves multiple purposes within the Stellar ecosystem, including facilitating multi-currency transactions and paying network fees. The Stellar network allows for the creation of tokens representing various assets, including fiat currencies, potentially making it useful for remittances and micropayments. The value of XLM is influenced by the adoption of the Stellar network, partnerships with financial institutions, and overall trends in the cryptocurrency market. All cryptocurrencies are extremely volatile, and analysts are divided on their long-term value.
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