Stellar | Move Money Across Borders Quickly, Reliably, And For Fractions Of A Penny.
Stellar is a platform that connects banks, payments systems, and people. Integrate to move money quickly, reliably, and at almost no cost.
One lumen (XLM) is a unit of digital currency, like a bitcoin. Lumens are the native asset of the Stellar network.
Native means that lumens are built into the network. Asset is how the network refers to an item of value that is stored on the ledger.
While you can’t hold a lumen in your hand, they are essential to the Stellar network—they contribute to the ability to move money around the world and to conduct transactions between different currencies quickly and securely.
The Stellar network offers the innovative features of a shared public ledger on a distributed, global database—often referred to as blockchain technology. The Stellar network’s built-in currency, the lumen, serves two purposes:
Why does the Stellar network need a native asset?
First, lumens play a small anti-spam role.
Each transaction has a minor fee—0.00001 lumens—associated with it. This fee prevents users with malicious intentions from flooding the network (otherwise known as a DoS attack). Lumens serve as a security measure that mitigates DoS attacks that attempt to generate large numbers of transactions or consume large amounts of space in the ledger.
Similarly, the Stellar network requires all accounts to hold a minimum balance of 0.5 lumens. This requirement incentivizes users to declutter the ledger by eliminating abandoned accounts, thereby that ensuring that all accounts are likely to have economic utility on the network.
Second, lumens may facilitate multi-currency transactions.
Lumens sometimes facilitate trades between pairs of currencies between which there is not a large direct market, acting as a bridge. This function is possible when there is a liquid market between the lumen and each currency involved.
Who governs lumen creation?
Lumen supply is determined by fixed, protocol-level rules. The number of lumens created at genesis was 100 billion. Every year, there is a 1% inflation rate. New lumens cannot be generated arbitrarily by anyone.
While somebody could theoretically push a proposal to change the protocol to change the rule around lumen creation, validators on our network are very unlikely to accept and ratify it. The decentralization of the protocol prevents us from unilaterally controlling any changes — if we tried to force a change, people would lose trust in Stellar.org, refuse to accept the changes, and keep using the original protocol with the original rules. Therefore, we will never do it.
- Twitter Feed
, Currency Symbol: BPTBlockport Token The Blockport token (BPT) is an Ethereum powered ERC20 utility token that is consumable within the Blockport platform and gives access to multiple trading- and social functionalities. Social Trading Blockport creates a micro-economy where members can use BPT to follow or copy other members’ portfolios. Beginners can learn from experienced traders and experienced traders earn BPT in reward Read more...
, Currency Symbol: BTGMake Bitcoin Decentralized Again DECENTRALIZATION Bitcoin Gold decentralizes mining by adopting a PoW algorithm, Equihash-BTG, which cannot be run on the specialty equipment used for Bitcoin mining (ASIC miners.) This gives ordinary users a fair opportunity to mine with common GPUs. FAIR DISTRIBUTION Hard forking Bitcoin’s blockchain fairly and efficiently distributes 16.5 million BTG immediately to people all over the Read more...
Subscribe to Our Newsletter
Best of Listings
Best of CoinsView all
, Currency Symbol: BTCBitcoin is an innovative payment network and a new kind of money. Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique Read more...
, Currency Symbol: ETHWelcome to the New Beginning When the grand experiment that is bitcoin began, the anonymous wizard desired to test two parameters- a trustless, decentralized database enjoying security enforced by the austere relentlessness of cryptography and a robust transaction system capable of sending value across the world without intermediaries. Yet the past five years years have painfully demonstrated a third missing Read more...
, Currency Symbol: DOGEDogecoin is a fun, new and rapidly growing form of digital currency. This form of digital currency is called “cryptocurrency”; a type of digital currency. Cryptocurrency is completely anonymous, decentralized, and extremely secure. Dogecoin is used with a wallet on your computer, your smartphone, or a website. You can use it to buy goods and services, or trade it for Read more...
, Currency Symbol: BCHTHE BEST MONEY IN THE WORLD Bitcoin Cash brings sound money to the world, fulfilling the original promise of Bitcoin as “Peer-to-Peer Electronic Cash”. Merchants and users are empowered with low fees and reliable confirmations. The future shines brightly with unrestricted growth, global adoption, permissionless innovation, and decentralized development. All Bitcoin holders as of block 478558 are also owners of Read more...