STELLAR LUMENS [XLM] GUIDE 2019 *HOW IT WORKS*

Stellar came onto the cryptocurrency scene back in mid-2014. Emerging from a rift within executives of the cross-border coin, Ripple, this new blockchain network and cryptocurrency seized a foothold in developing economies where remittance played a heavy role. Since then, it’s expanded its reach, building partnerships around the globe, but what exactly is it?

What Is Stellar?

People often use Stellar to refer to multiple things. To be clear, there is Stellar, Lumens, and XLM. Stellar is a blockchain-based distribution ledger network, Lumens is the cryptocurrency made specifically for that network, and XLM is the coin’s symbol. The three terms are often used interchangeably, but we’ll try using them literally here for the sake of clarity.

The founder of Stellar was Jed McCaleb, a well-recognized name among the cryptocurrency community. The Arkansas native first made a splash in 2010, founding the bitcoin exchange Mt. Gox. The service quickly became one of the premier exchanges for bitcoin and by 2011, McCaleb sold it off to new owners. Those new owners saw the exchange through its most popular days but also through multiple hacks that led to the service’s discontinuation in 2014 and a shaken faith among the bitcoin enthusiasts.

► Buy altcoins (Cardano/Stellar and more) on Binance
https://www.binance.com/?ref=13330875

► Purchase Bitcoin with your Credit/Debit Card on Coinbase!
https://www.coinbase.com/join/5940835cb750bc009c7858b3

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**DISCLAIMER**: I am not a financial advisor nor am I giving financial advice. I am sharing my biased opinion based off speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.

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STELLAR LUMENS [XLM] GUIDE 2019 HOW IT WORKS

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Kane Dane