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Information about Stellar (XLM)
Stellar is a blockchain platform that helps users transfer money and digital assets across borders with fast speed, reliability, and low cost. Specifically, Stellar is an open-source distributed payment network capable of connecting banks and payment systems with users, facilitating the trading of currencies and digital assets. Stellar is also a Blockchain Platform that allows developers to build applications, products or tokenize assets on their platform.
Stellar is focused on payments and helps users create tokens based on collateral. Essentially, Stellar is a fork (fork) of Ripple (XRP). However, starting in 2015, Stellar completed its consensus protocol, called the Stellar Consensus Protocol, and is no longer related to Ripple.
Some outstanding features of Stellar:
XLM (Stellar token) is a token operating on the Stellar platform, used for the following purposes:
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