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Stellar XLM is a cryptocurrency created by the Stellar Development Foundation in 2014. It is based on the Stellar Consensus Protocol (SCP), a consensus algorithm that enables fast, secure, and low-cost transactions. The Stellar network is an open-source, distributed, and decentralized blockchain-based payment system. It allows users to send money to anyone in the world, regardless of their location or currency.
Stellar XLM is the native currency of the Stellar network, and it is used to facilitate transactions on the network. The total supply of XLM is limited to 100 billion coins, and it is currently the sixth-largest cryptocurrency by market capitalization.
Stellar XLM is a versatile cryptocurrency that can be used for a variety of purposes. It is used to pay for goods and services, to send money internationally, to store value, and to create decentralized applications. It is also used to facilitate cross-border payments, allowing users to send money to anyone in the world in a matter of seconds.
The Stellar network is fast, secure, and reliable, and it has a wide range of features that make it attractive to users. Transactions are confirmed within seconds, and the network can process thousands of transactions per second. It is also highly secure, as it uses the Stellar Consensus Protocol to ensure that all transactions are valid and secure.
The Stellar network is also highly scalable, as it can handle a large number of transactions without any issues. Additionally, it is open-source, meaning that anyone can contribute to its development and use it for their own purposes.
Overall, Stellar XLM is a versatile cryptocurrency that can be used for a variety of purposes. It is secure, fast, and reliable, and it is an attractive option for users who are looking to send money internationally or to store value. It is also open-source, meaning that anyone can contribute to its development and use it for their own purposes.