Stellar (XLM) is a blockchain-based platform designed to facilitate fast and low-cost cross-border transactions. Here are some key points: - Purpose, Stellar aims to connect banks, payment systems, and people to move money quickly and reliably across borders. - XLM Token- Stellar's native cryptocurrency, Lumens (XLM), is used to pay for transaction fees on the network and to serve as a bridge currency for transferring different currencies. - Technology: Stellar uses a consensus algorithm called the Stellar Consensus Protocol, which enables quick transaction confirmations without the energy-intensive mining found in some other cryptocurrencies. - Focus, The platform emphasizes financial inclusion, enabling access to financial services for unbanked populations globally.
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