Stellar (XLM) is a decentralized, open-source cryptocurrency that was created in 2014 as a fork of the Ripple (XRP) blockchain. The Stellar network is designed to enable fast and secure cross-border transactions, with a focus on serving individuals and organizations in the developing world.
The Stellar network operates on a consensus algorithm that allows for decentralized control, while also providing a high degree of security and stability. Transactions on the Stellar network are confirmed within a matter of seconds and can be completed at a low cost, making it an attractive option for those who need to send or receive money quickly and efficiently.
The XLM token is the native cryptocurrency of the Stellar network and is used to pay for transactions and computational services on the platform. It can also be traded on various cryptocurrency exchanges and used as a form of investment.
While Stellar has a strong focus on enabling financial inclusion and increasing access to financial services for people in the developing world, it is also used by businesses and individuals around the world as a means of payment and transfer.
Like any cryptocurrency, the price of XLM can be highly volatile and is subject to fluctuations in the wider cryptocurrency market. Before making any investment decisions, it is important to thoroughly research the investment opportunity and understand the risks involved.
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