Stellar (XLM) is a blockchain platform with its own cryptocurrent Stellar Lumens (Lumen). It allows you to make any transactions immediately confirmed, issue tokens and fundraising, the amount of fees is almost zero. Stellar also has a stock exchange (DEX) that supports the most popular cryptocurrencies, eg bitcoins, but also traditional currencies such as the dollar or the euro.
The name of the platform - Stellar comes from the adjective "stellar", and the cryptocurrency Stellar Lumen is the name of the basic unit of luminous flux.
Cryptocurrency Stellar (XLM)
Cryptocurrency Stellar is inflationary with a fixed inflation rate of 1% annually. In July 2014, when the network was launched, 100 billion XLM was created, and today there are only 19 billion in the market circulation. At the beginning of 2, millions of units were transferred to the Stripe startup offering online payments, and with which Stellar cooperated from the very beginning. Thanks to this, Stellar received 3 million dollars in funding.
Kryptowaluta Stellar Lumens (XLM) it is used to cover transaction fees in the network and is not based on a consensus algorithm Proof of Work, so XLM is not mined and there are no miners in the network, as happens, for example bitcoinie. At the beginning of the operation, 100 billion XLM units were created at the same time. In the Stellar network, it does not earn on transaction fees, while the maximum supply of XLM in the "inflation pool" increases.
Thanks to this, the Stellar cryptocurrency enables connecting banks, payment systems as well as ordinary people and sending money as cheaply as possible around the world.
However, each account must have a minimum base balance of 0,5 XLM, and transaction fees are fixed in advance, so it is not possible to modify them. The fee for each transaction is one of the cheapest and currently it is 100 Stroopów, or 0,00001 XLM. It is also one of the fastest networks capable of processing around one thousand transactions per second.
Cryptocurrency Stellar Lumens is supported by many wallets, however, the basic one for XLM is Foxlet Stellar Wallet available for Windows, MacOS and Linux. A universal wallet is instead BlockEQ available for computers and smartphones. Both wallets are also compatible with tokens Stellar network. The mobile wallet for XLM is popular Lobstr Wallet available for Android and Apple systems.
Cryptocurrency Stellar Lumens is listed on the 36 cryptocurrency exchanges. The peak of quotations reached 4 on January, the 2018 year with the increase of the entire cryptocurrency market. The exchange rate was around 93 cents (USD). Currently, it is in the forefront in terms of value.