{"id":60,"date":"2021-04-26T18:24:55","date_gmt":"2021-04-26T18:24:55","guid":{"rendered":"https:\/\/stellar-wallet.org\/arts\/?p=60"},"modified":"2022-01-27T09:56:25","modified_gmt":"2022-01-27T09:56:25","slug":"features-of-stellar-lumens-xlm","status":"publish","type":"post","link":"https:\/\/stellar-wallet.org\/arts\/features-of-stellar-lumens-xlm.html","title":{"rendered":"Features of Stellar Lumens (XLM)"},"content":{"rendered":"

The cryptocurrency Stellar Lumens is a platform very similar to Ripple. But it is improved, weaknesses were fixed and performance was increased. The developers’ goal is to make official non-cash payments between individuals and businesses as easy as possible.<\/p>\n

This platform allows exchanging not only cryptocurrency, but also ordinary money and smart contracts. Since 2014, the tokens of the Stellar Lumens platform are called Lumen (before that, altcoins were called Stellar tokens). Due to the fact that the system uses distributed ledger technology, its tokens can be exchanged for goods, services and other cryptocurrencies (Lumen in this case will serve as a kind of bridge between selling one asset and receiving another in return). It is a good idea to use lumens also as a tool for long-term investments, hoping that the coin will only grow in value, not fall.<\/p>\n

\"Stellar<\/p>\n

A brief history of creation.<\/h2>\n

The platform was founded as an offshoot of Ripple by developers Joyce Kim and Jed McCaleb. Ripple cryptocurrency has been quite successful since 2012, but it is not without flaws, so Kim and McCaleb decided to create Stellar Lumens and eliminate in this platform the weaknesses that do not suit Ripple users. Particularly the fact that Ripple’s code is closed, and only the owner of the system can manage the course and make changes to the platform.<\/p>\n

The non-profit firm Stellar Development Foundation<\/a> was created for development. The company has an official website where anyone can read about its activities. In the beginning, the Stellar Lumens platform worked on the Ripple protocol, but a year later it had its own, the code of which is available to all comers.<\/p>\n

The creation of the cryptocurrency dates back to 2014, but only in 2017 the coin became available to users on the Poloniex exchange. From the winter to the spring of 2017, the value of Lumen fell six times. Representatives of the exchange believe that this was a consequence of a hacker attack on the resource. Already by October the value of the currency leveled off, and in December it even exceeded the previously known maximum.<\/p>\n

At the beginning of 2018, when there was a collapse of the cryptocurrency market, Lumen did not lose its position, but even on the contrary rose in price, thanks to the competent policy of the developers to enter into contracts with major exchanges and cryptocurrency services.<\/p>\n

Features of Stellar Lumens cryptocurrency<\/h2>\n

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Differences and advantages:<\/strong><\/p>\n