Stellar ($XLM) – Altcoin Reviews

Hello, guys! Welcome to today’s altcoin review. Today, we will explore the Stellar (XLM) crypto project, a decentralized payment network, and discuss whether it’s worth investing in this market.

What is Stellar

Stellar is a decentralized platform designed to make payments and asset exchanges fast, low-cost, and accessible to everyone. Founded in 2014 by Jed McCaleb (co-founder of Ripple) and Joyce Kim, Stellar operates on its own blockchain using the Stellar Consensus Protocol (SCP), which ensures efficiency with minimal energy consumption.

Lumens ($XLM)

Lumens (XLM) is the digital currency of the Stellar network and serves several functions:

• Transaction Fees: A small amount of XLM is required per transaction to prevent spam.
• Minimum Balance: Each Stellar account must hold at least 1 XLM to maintain network security.
• Bridge Currency: XLM can act as an intermediary when converting assets or currencies.

Key People and Organization

• Stellar Development Foundation (SDF): A nonprofit dedicated to growing and developing Stellar.
• Denelle Dixon: CEO and Executive Director
• Jed McCaleb: Co-founder (formerly at Ripple)
• David Mazières: Chief Scientist, creator of SCP
• Tomer Weller: CTO
• Headquarters: San Francisco, California, USA
• Denelle Dixon: CEO and Executive Director

How XLM Relates to XRP

• Shared History: