Stellar Lumens, An Open Network For Storing And Moving Money. The Stellar network was created as a decentralized platform to enable fast and inexpensive asset transfers to anywhere in the world. The XLM is the key to making nearly instantaneous transactions between different currencies and making payments across international borders. The network and its connected foundation were both launched in 2014, and the network is powered by the native Stellar Lumens (XLM) token. It can also be used to issue your own tokens, and as an ICO platform is considerably easier to use when compared with Ethereum. Stellar is primarily a distributed payments network that is meant to provide a fast, secure and inexpensive cross-border payments solution. In this Stellar review, we will give you everything that you need to know about the project and will furthermore analyse the long term price and adoption potential of the Stellar Lumens native asset XLM. Of course, there are a number of competing projects building similar technologies and this bears the question, how can Stellar compete? They are building a free and open source architecture that will let anyone build low-cost financial apps and redeploy them on their individual platforms. The goal of the Stellar Lumens project is to make money move like email. As a matter of fact, Stellar has been building some of the most cutting-edge, advanced payment infrastructures in the space and has forged invaluable partnerships with giants in not only the crypto environment, but in traditional financial settings as well. Stellar Lumens is most definitely one of these projects and, ever since its inception, it has proven to be a rather promising cryptocurrency payment system. ![]() With Bitcoin historically presenting itself as ultimate trailblazer in the peer-to-peer payment ecosystem, it was indeed only a matter of time before other projects began developing technologies for speedier transactions and lightening-fast digital currency remittances. Forging numerous partnerships and building cutting edge tech. Stellar is one of the most promising payment cryptocurrencies currently on the market.
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