Traders who aren't familiar with the name should know that Stellar is the name of its network. Lumens, on the other hand, are the digital currency of the network.

In addition to this, this crypto project aims to offer its users and private businesses the opportunity to perform fast international transactions at low costs. These transactions will only take seconds to complete, and they will only cost a small fraction of a cent. The advantages mentioned above are also applicable to any of the traditional currencies. Lumens are used as a liquidity bridge between competing currencies.

Website https://www.stellar.org

Stellar Lumens (XLM) is the native cryptocurrency of the Stellar blockchain, a decentralized platform designed to facilitate fast and cost-effective cross-border transactions. Created in 2014 by Jed McCaleb, co-founder of Ripple, Stellar aims to connect financial institutions, businesses, and individuals, enabling seamless money transfers. Stellar Lumens serve as both a digital currency and a bridge asset, allowing users to conduct transactions and convert between different fiat currencies. The Stellar network employs a unique consensus algorithm known as the Stellar Consensus Protocol (SCP), providing security and scalability. Additionally, Stellar focuses on financial inclusion by making it easier for people in underserved regions to access banking services and transfer funds globally. Its open-source nature and non-profit Stellar Development Foundation contribute to its appeal as a decentralized and efficient solution for cross-border payments and financial inclusion initiatives.