Stellar is an open and decentralized blockchain platform built to enable fast and low-cost cross-border transactions. The technology is used by both individuals and institutions to send money globally within seconds. The network uses the Stellar Consensus Protocol (SCP), where nodes agree through a federated system based on mutual trust to validate transactions. Many choose to buy Stellar and its cryptocurrency XLM to be part of this ecosystem or to use the network for value transfers. The platform’s strength lies in its focus on financial inclusion and stability.
Stellar has been developed in close collaboration with global financial players, making the network especially interesting from a long-term technical perspective. New features and strategic partnerships, such as with MoneyGram and other payment services, have broadened its use cases. As adoption grows, factors such as the XLM price are also affected – although the technology itself remains the primary driving force.
Stellar’s native cryptocurrency, XLM, functions as the digital asset connecting currencies within the Stellar network. It also plays a role in the governance of the network, where holders can participate in key decisions. For those already holding XLM, it is important to follow market developments closely, especially if considering selling XLM during larger price movements. The token’s role is both technical and strategic within the ecosystem.
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