Why You Should Own ATLEAST 500 Stellar Lumens (XLM) 🤑 Stellar Lumens Price Prediction | XLM News

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Stellar Lumens XLM News | XLM STELLAR LUMENS | XLM Analysis |
Stellar is an open-source, peer-to-peer digital currency network that emerged in 2015. The idea behind the network is to make it easier and faster for people to send different types of currencies around the world. It can also provide banking services and liquidity for people who can’t access traditional banking services. Stellar’s cryptocurrency tokens are called lumens, or XLM for short. While Stellar and XLM coexist in the same system, they are technically two different things. Stellar is the foundation of the blockchain network, whereas lumens are traded on the network. According to Stellar’s website, there are currently 50 billion lumens in circulation. Stellar will not produce any more lumens, so you cannot mine them.

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Here’s how Stellar works: Let’s say someone is looking to transfer $20,000 but doesn’t have access to a bank capable of completing the transaction. This person could instead transfer the equivalent of $20,000 in lumens. The recipient could then trade those lumens for $20,000, or an equivalent amount of a different currency. In the end, clearing times are reduced and no banks need to be involved on either end of the transaction.

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