Tag: (XLM) Stellar News

Stellar is an open-source cryptocurrency used for the transfer of money and tokens using blockchain technology. The transactional unit of the Stellar platform is the lumen (XLM), a cryptocurrency with no maximum supply. It is secured by the Stellar consensus protocol.

Stellar is different from many cryptocurrencies in that, rather than requiring a transaction to be validated by the entire network, only a small subset of nodes — known as a quorum — need to agree on the validity of a transaction.

Being built upon the Ripple protocol, Stellar aims to provide an open-source distributed-payments infrastructure accessible to anybody — allowing individuals, businesses, and institutions to benefit from cross-border payments facilitated by Stellar.

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