Stellar (XLM)

                             Stellar (XLM)Stellar (payment network) - Wikipedia

 

 

 

What is Stellar?

 

 Stellar is an open network that allows you to move and store money. When it was released its main goal was boosting financial inclusion, but later its priorities shifted to helping financial firms connect with one another through blockchain technology.

 

What is Stellar for?

 

From the beginning, Stellar has been cryptocurrency-adjacent, but the software has always been intended to enhance rather than undermine or replace the existing financial system. for example the Bitcoin network was made for trading only bitcoins, Stellar is a system that’s great for trading any kind of money in a transparent and efficient way

Why is Stellar unique?

 

Stellar is unique because every transaction costs just almost nothing. Given how one unit of this cryptocurrency only costs a few cents, this means that the person can keep more of their money thanks to this low cost transaction.

 

Is Stellar safe?

 

This network is secured using the Stellar Consensus Protocol, which is described as having four main properties: “Decentralized control, low latency, flexible trust, and asymptotic security.”