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What Is Stellar (XLM)?
Stellar (XLM) is a peer-to-peer decentralized network launched in 2015 by the Stellar Development Foundation (Stellar.org). The platform was designed to connect global financial systems, enabling fast, low-cost transactions for payment providers, financial institutions, and individuals.
### Key Features of Stellar (XLM)
- Native Currency (XLM/Lumens):
XLM serves as an intermediary for transactions, facilitating currency conversions and covering network fees. When a transaction occurs, funds are first converted to XLM and then to the desired currency, ensuring efficiency.
- Decentralized Ledger Technology:
Stellar operates on an open-source, community-owned distributed ledger, allowing seamless cross-border transactions with minimal fees and delays.
- Decentralized Exchange & Marketplace:
The network includes a built-in order book for trading Stellar-based assets. Users can manage buy/sell orders and select preferred settlement assets, with XLM helping reduce transaction costs.
- Security Measures:
- Users must hold at least one XLM to remain active on the network, ensuring efficient transaction processing.
- Microtransaction fees deter spam and flood attacks, enhancing network security.
- Target Audience:
Stellar primarily serves individuals in developing economies, offering affordable access to global financial systems through fast, low-cost transfers.
- Multi-Currency Support:
The network enables cross-currency transactions, allowing senders and recipients to exchange funds in different currencies seamlessly. This is particularly useful for currencies without direct trading pairs.
- Anchors System:
Anchors act as bridges between traditional currencies and the Stellar network, simplifying exchanges and accelerating transaction processing.
### Advantages of Stellar (XLM)
- Fast, low-cost transactions
- Decentralized and open-source infrastructure
- Secure and resistant to spam attacks
- Support for multi-currency transfers
- Accessibility for unbanked and underbanked populations
Stellar’s technology aims to make global financial transactions more inclusive, efficient, and cost-effective.
Who Are the Founders of Stellar?
What Makes Stellar Unique?
How Many Stellar (XLM) Coins Are There in Circulation?
How Is the Stellar Network Secured?
Where Can You Buy Stellar (XLM)?
Low translation cost compared to alternative methods: Stellar Blockchain has an annual inflation rate of 1%, which is a fixed amount.
Stellar Lumens (XLM) Finding More Use Cases With SDF Partnerships
Stellar’s Focus Blockchain-Powered Payment Services
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Stellar Price Live Data
Stellar (XLM) stands among the most influential projects in crypto, with a strong market presence and adoption. The current market valuation places Stellar at $0.27 per token, reflecting a 2.25% slight decline in value during the past 24-hour trading period. This price movement indicates slightly negative market activity within the XLM ecosystem. Investor engagement with Stellar remains substantial, with $228,962,650.366 in trading volume recorded across various trading platforms over the last 24 hours. This level of liquidity highlights XLM's ongoing interest and utility within the broader cryptocurrency landscape For comprehensive details regarding Stellar's development roadmap, technical specifications, and community initiatives, interested parties are encouraged to visit the project's official resource hub at https://www.stellar.org.
