So, how can Stellar really compete? And what is important for us \u2014 is it a good idea to trade and use Stellar XLM<\/a>?<\/p>\n In this Stellar XLM review, we\u2019ll give you everything that you should know about the Stellar XLM project and Lumens. Plus, we\u2019ll also analyze the potential of XLM and try to answer the question of whether we should invest in it or not.<\/p>\n Launched in 2014, the Stellar project was designed to bridge the gap between the traditional financial and crypto worlds. It was a challenging task, but it seems Stellar has achieved some impressive results. Since 2014, the Stellar coins have taken on a bunch of partnerships with several well-known companies not only in finance but also in tech. The list of partners<\/a> includes some big corporations such as Stripe, IBM, and Deloitte. Plus, Stellar XLM is cooperating with numerous payment processors throughout the world. No matter where you are \u2014 in Asia or Europe, Stellar\u00a0 XLM can be useful for you.<\/p>\n Stellar\u2019s ambitious plan is to become one of the best digital payment platforms in the world. Therefore, they have built a system that is able to bring together people, banks, and payment applications. The Stellar XLM network allows you to send money to anyone, no matter where they are. One of the advantages of Stellar is that the transactions are fast, easy, and safe. Plus, it is necessary to mention a transaction fee: it is super low. Most transactions cost less than a penny. This fact alone may put traditional payment solutions out of the game.<\/p>\n Some experts state that the Stellar XLM coins were created as a hard fork from the Ripple technology. This theory is quite plausible, as Jed McCaleb who started the Stellar platform<\/a> also was a founder of Ripple. At the same time, McCaleb has written himself that the two cryptocurrency projects use different codes, and Stellar ISN\u2019T a fork from Ripple. We think that we should believe what he said. Whether it is true or not, let\u2019s move to other aspects of the Stellar XLM project. Anyway, the past won\u2019t tell you anything about the future of Stellar cryptocurrency.<\/p>\n Even though the Stellar platform was created to handle various currencies and their digital representations, they also issued their own native cryptocurrency called Stellar Lumens or XLM. Actually, if you want to use Stellar, you need to have some Stellar Lumens to become a member of the network. This requirement is expected to prevent the platform from becoming filled with spam and fakes. But why did they create unique crypto for this task? In fact, it is quite an obvious move as Stellar wants to remain free from any specific currency in general. For instance, if Stellar decided to use USD, and required you to have a particular number of dollars then the network would be somewhat connected to the position of USD in the world, or, at a maximum, the services would be limited to the US area. This is a situation that founders wanted to avoid at any cost.<\/p>\n Stellar XLM may look like an ordinary cryptocurrency, but there is a huge difference between XLM and, for example, Bitcoin. In contrast to most cryptocurrencies, Stellar Lumens don\u2019t need to mine blocks of transactions. Since there is no mining in the network, participants don\u2019t receive any awards for validating the blockchain. This technology is in stark contrast to the majority of digital coins, including the most known ones.<\/p>\n Stellar just decided it was better to release 100 billion XLM during the network\u2019s launch. Since then, the number of Stellar increases by 1% annually for about six years.<\/p>\n Then, the team changed its approach. Starting from October 2019, Stellar decided to lower the supply of XLM. They believed this measure was more conducive to their plans. As a result, they decreased the amount of XLM down to 50 billion. Moreover, there are currently no plans to release more Stellar XLM in the future.<\/p>\n There are 20 billion XLM in the market now, plus 30 billion are held by the foundation itself. These funds are used for the development of the XLM system. They also use their \u2018savings\u2019 for marketing purposes and when they need to partnership with other ventures.<\/p>\n If we take a close look at Stellar\u2019s features, it\u2019s easy to say that the network is an interesting project with a bright future ahead of it. Stellar combined the advantages of blockchain technology with the capabilities of traditional payment systems.<\/p>\n You can use Stellar Lumens as other cryptocurrencies. XLM can act as Bitcoin\u2019s alternative but with extra features, as it is much faster and more scalable coins that don\u2019t require mining. Moreover, Stellar XLM can be used for transnational financial operations at ease. You can be anywhere in the world and transfer funds in just 5 seconds.<\/p>\n That\u2019s why Stellar Lumens are perfect for cross-border transactions, including overseas operations. Easy, inexpensive, and quick financial operations from your smartphone, computer, or tablet can be especially helpful if you are far from traditional banks but have access to the Internet.<\/p>\n There is another reason to use Stellar Lumens\u00a0\u2014 the cost of transactions. You won\u2019t have to pay expensive fees from banks or payment companies like Western Union. In other words, if you send or receive funds from someone who lives abroad, you won\u2019t have to pay extra fees for transactions.\u00a0 When it comes to XLM, you will pay only around 0.00001 XLM, which is less than $.01 right now.<\/p>\n In addition to all these benefits, Stellar also offers an exchange where you can buy or sell other digital coins such as Bitcoin, Ethereum, or Repocoin. And, of course, you can trade Stellar Lumens here.\u00a0 Let\u2019s imagine you want to exchange XLM cryptocurrency to USD. You can easily do it on the Stellar platform.<\/p>\n When it comes to the perspectives of Stellar cryptocurrency, it is hard to predict its future. However, Stellar Lumens are widely used for various purposes right now.\u00a0 XLM is especially useful in the South Pacific region. It is anticipated to be used for 60% of transnational transactions in the retail industry. Nowadays, Stellar and IBM act as banking infrastructure in the most isolated areas of the whole world. Many people from the distant edges of the globe still don\u2019t have access to financial services, and Stellar can significantly improve the situation. Furthermore, you can use Stellar with little or no money.<\/p>\n Stellar Lumens are completely secure but similar to other cryptocurrencies there are some risks when you use them. The Stellar platform and XLM have never experienced any serious issues or hacks. However, there was one situation when Lumens were taken from digital Stellar wallet, but we can\u2019t blame Stellar for it. The problem was with a pitfall in the Stellar wallet, not in Lumen’s infrastructure. We are talking about BlackWallet.co, which was attacked by hackers<\/a>. That time the harmful code was injected into accounts with more than 20 XLM.<\/p>\n Overall, Stellar XLM is worth your attention. This cryptocurrency has received the least amount of negative feedback, which means that it is pretty good. Stellar XLM has a professional team behind it and a wide array of advantages over similar ventures. Especially if we take into account that IBM is already using the digital coins in real-world applications in the South Pacific. We also have simple advice for you.\u00a0 If you decide that you need to buy Stellar XLM, make sure to use only reliable exchange services!<\/p>\nWhat is Stellar XLM?<\/h2>\n
What is XLM?<\/h2>\n
![\"Stellar](\"https:\/\/stellar-wallet.org\/arts\/wp-content\/uploads\/2021\/05\/ed45e99fcb5391528d0d2ce715ceb2a7.jpeg\")
<\/p>\nHow can you use Stellar XLM?<\/h2>\n
![\"Using](\"img\/stellar-using.jpeg\")
<\/p>\nWhat will happen to Stellar Lumens in the future?<\/h2>\n
Are Stellar Lumens safe?<\/h2>\n