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What is Stellar? ($XLM)

Stellar Lumens ($XLM) is the cryptocurrency native to the Stellar decentralized payment system and network. The Stellar development foundation is the non-profit organization behind the development of the decentralized Stellar network, a blockchain used in implementing the decentralized payments made possible by the protocol.

Stellar was designed to take global payments services typically offered by the likes of Moneygram and Western Union - to the blockchain. The decentralized network looks to decrease transaction costs and increase transaction speeds across borders. The Stellar blockchain network is a distributed ledger which connects banks, payment systems and individuals in the facilitation of this purpose of advancing efficiency in global payment processing.

The Stellar lumens token is traded under the token symbol $XLM. Registered customers can learn the latest information about Stellar, including market cap and price, before buying $XLM or other cryptocurrencies on the Firstrade cryptocurrency trading platform.

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More about Stellar ($XLM)

Low transaction costs are made possible on the Stellar network. Being as though Stellar is a payment network and global payments facilitator, millions of transactions occur within the decentralized network every 24 hours. Stellar lumens ($XLM) has been in existence since 2014, giving it a history as a digital network with real-world use.

Individuals and businesses that use the network are able to send any form of currency along the decentralized network. The $XLM token is used in the network design, as the medium of exchange. The network features exceptionally low transaction costs, only charging a fraction of a cent for most transactions traditionally. The Stellar foundation and underlying company has successfully established notable partnerships with IBM, Moneygram and other major companies mainly to aid in facilitating efficient global payments for the brands.

Firstrade mobile and web cryptocurrency platforms allow customers to learn more about Stellar ($XLM) and check the most current cryptocurrency prices.

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