What is Stellar Lumens? What are the characteristics of Stellar Lumens?
Stellar Lumens (XLM) is an open blockchain network designed to facilitate cross-border payments and asset transfers. Its features include: Low transaction fees (0.00001 XLM) Fast transaction speed (completed in seconds) Cross-border payments Asset transfer Decentralized scalability (Federated Consensus Protocol) An open blockchain network designed to facilitate cross-border payments and asset transfers.
Stellar Features:
Low Transaction Fees: Transaction fees on the Stellar network are extremely low, typically only 0.00001 XLM.- Fast Transaction Speed: The Stellar network processes transactions quickly, typically within seconds.
- Cross-border payments: The Stellar network is designed for cross-border payments, enabling transactions across different currencies and regions.
- Asset transfer: The Stellar network not only supports currency transactions, but also supports the transfer of other assets, such as securities, commodities, and points.
- Decentralization: The Stellar Lumens network is a decentralized network maintained by nodes distributed around the world.
- Scalability: The Stellar network uses a unique consensus mechanism called the Federated Consensus Protocol that can handle large volumes of transactions and scale as the network grows.
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