![]() It is important to understand how the Stellar network operates, including how it affects lumens before investing. There are now around 20 billion Lumens in circulation while the Stellar Foundation currently holds the remaining supply. For example, 100 billion Lumens (also known as XLM), Stellar’s native token, were “pre-mined” and exist today (similar to the supply of Ripple’s XRP). Of course, things have developed since the 2014 fork, but direct comparisons are still easy to see. Stellar, on the other hand, is a non-profit foundation that raised very little money and aims to be a “Free for all” payment network (similar to Bitcoin’s censorship resistance). It has raised a lot of money and is very PR and marketing driven. Ripple is a for profit company that serves mainly banks and financial institutions. The main reason for the Stellar fork was to create a much more altruistic payment network than what Ripple has become. This means Stellar uses the same basic rules Ripple does with some distinct changes. The Stellar protocol is basically a fork of Ripple. ![]() That’s it! If you want a detailed explanation about Stellar and XLM keep on reading, here’s what I’ll cover: Buy XLM via a credit card or a wire transfer. ![]() Get a Stellar wallet ( Ledger Nano S, Foxlet).Confirmations can happen within 3 seconds, and thousands of transactions occur every second. The Stellar network is designed to make international payments and currency transfers swift and painless. In this post I’ll explain a bit about the Stellar currency known as Lumens, or XLM, and how to buy it online. Stellar provides a decentralized international payment network, which enables fast transactions with low fees.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |