When thinking about how can we get xlm interest or how to make money on cryptocurrency for a beginner, many see the prospect not in trading coins, but in their mining. In addition to the well-known mining, there is another way. It is called staking. Without going into detail, this method differs from mining in…
Category: Overview
Stellar (XLM) Cryptocurrency: The Pros and Cons
Stellar (XLM) cryptocurrency is a decentralized open source protocol that enables fast and low-cost transactions between different currencies. It is designed to facilitate cross-border payments, while supporting tokens representing real-world assets such as stocks and commodities. The platform’s smart contracts offer improved scalability, security, and reliability compared to other blockchain solutions. Additionally, Stellar runs on…
Key Facts
Stellar is a decentralized protocol on open-source code to transfer digital currency to fiat money domestically and across borders. The Stellar blockchain’s cryptocurrency is called the lumen, a token that trades under the symbol XLM. Stellar is one of the best-performing altcoins of the last five years with a market cap of just over $1…
What Is Stellar?
Stellar cryptocurrency, also called lumens (XLM), is a digital or virtual currency developed by Stellar Development Foundation. It’s traded on various cryptocurrency exchanges and can be used for low-cost, cross-asset transfers of value on the Stellar network– which is a blockchain-based distributed ledger connecting banks, payments systems, and people. Cryptocurrencies are virtual or digital currencies…