Stellar XLM | Stellar Lumes | What is XLM Stellar Lumens

Stellar XLM | Stellar Lumens | What is XLM Stellar Lumens

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For those asking, “What is Stellar Lumens?” This video is for you. XLM Stellar lumens has a long history in crypto. Learn what has kept Stellar Lumens XLM relevant and its connection to Ripple XRP.
Stellar is a decentralized network on which users can create, send, and trade several types of cryptocurrencies. It was created in 2014 and launched in 2015 with the mission of bringing the world’s financial systems together under one network.
Like other platforms and exchanges that use blockchain technology, Stellar is a decentralized system spread across multiple servers. This means that the activity carried out on Stellar is not monitored by a singular source.
Stellar has experienced many growth spurts, such as when Mercado Bitcoin announced its use of the platform. In less than a year, Stellar housed almost 3 million user accounts. Since that time, Stellar has built a network of partners that includes Flutterwave, IBM, KlickEx and ICICI Bank in India.
The Lumen is the built-in token of the Stellar blockchain, an open source, distributed, and community owned network used to facilitate cross-asset transfers of value. It runs a network of decentralized servers with a distributed ledger that is updated every 2 to 5 seconds among all nodes. Stellar aims to help facilitate cross-asset transfer of value at a fraction of a penny while aiming to be an open financial system that gives people of all income levels access to low-cost financial services.
A built-in protocol automatically converts money sent through Stellar to Lumens and then to the desired coin.
At the time of its launch, the platform’s native currency was called “stellars.” Stellar later changed the name to Lumens, but the original name stuck with many people, so you might still hear the term stellars. You might also hear Stellar, and Lumens used interchangeably, but Stellar is the platform itself. Lumens are the crypto asset used by the platform.
Lumens were invented to help people overcome the problems presented by cross-border transactions. These problems are lengthy transaction times and high fees. Lumens sought to dispel these problems for retail users by providing a quick and inexpensive method of sending money across the world.
The developers understand that not everyone across the world has easy access to financial services and even if they did, they might be too expensive for them. Therefore, the team provide people across the world with access to financial systems if they have an active internet connection and some basic hardware.
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The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses a considerable risk of loss. The speaker does not guarantee any particular outcome.

I hope you found value in my Stellar XLM video. Make sure to leave a like on the video if you gained value from it!

#Binance #Stellar #BTC #Lumens #Bitcoin #CryptoGuide #Crypto #bnbtoken #StellarLumens #token #blockchain #review #exchange #trading #XLM #Investment #CryptoCurrency
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⏰ TIMESTAMPS ⏰

0:00 – Introduction
0:28 – Coingecko Listing
1:47 – Website overview
4:13 – How to Buy it?
4:34 – Conclusion

Stellar XLM | Stellar Lumes | What is XLM Stellar Lumens

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Kane Dane