What is Stellar Lumens (XLM)? | Stellar Lumens Explained in Under 60 Seconds

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Stellar (XLM) is an open-source, decentralized network that allows users to create, send and trade digital forms of any currency, including dollars, bitcoin, pesos, etc.

Stellar Lumens (XLM) - The Stellar network is powered by it’s native token Lumens (XLM). Used as a bridge to reduce fees when trading assets across borders.

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Build Financial Tools - The Stellar network makes it easy for developers to build financial tools & offer services such as Global Payment Apps, Asset Exchanges, and Micropayment Services.

Digitize Value - Users can create & issue a tradable representation of any asset in the form of tokens. Value is digitized, allowing claims to be issued & redeemed.

Anchors - The Stellar network is connected to traditional banking rails using ‘Anchors’, which provide fiat on/off ramps for a country’s banking system.

Low Transaction Costs - With transaction costs of only .00001 XLM, Steller is much cheaper than typical blockchains, allowing users to easily move money and access new markets.

WEBSITE: https://www.stellar.org/

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