What is Stellar coin?
The prime objective behind the launch of the stellar coin is to boost financial inclusion. However, soon enough, due to the rapid change of the industry, the purpose of Lumen coin shifted to provide aid to financial firms. This network provides aid to connect various financial firms together via blockchain technology.
Stellar Lumens (XLM) was launched in 2014 by the Stellar network. It has a market cap of 100billion and 1% annual inflation rate. This network is more concerned about affordable and fast transaction. Also it has a platform to host ICOs a similarity with Ethereum. Moreover, Stellar has a native token that is popular as Lumen. The ideology behind Lumen (XLM), is for making international payments and promoting easy transactions between different cryptocurrencies. In other words, Lumen act as a bridge to trade assets across international territories quickly and reasonably cheaply. This network aims to challenge all the service providers that credit high transaction fees for a limited service.
Furthermore, It is an open source platform that enables crypto users to move and store money. Indeed this cryptocurrency is also a product of Ripple Labs protocol. Later on, the code of the stellar network upgraded to a new code. cryptocurrency
How is Stellar unique?
The stellar network provides super fast transaction speed for providing impeccable experience to its coin holders. Moreover, the Lumen coin has incredibly cheap transaction fees. The reason is that the entire purpose behind launching of this cryptocurrency is to prevent the practice of high fee charging service providers.
Markets for trading Lumen
Stellar cryptocurrency is immensely popular for its blockchain technology and its unique features. All the top and famous exchanges are trading in Lumen coins actively. The most popular exchanges dealing with Lumen coins are Binance, Coinbase, Kraken, Bittrex, Bitfinex, Upbit, and Huobi. Moreover, some people also commonly convert fiat into Bitcoin before purchasing altcoins.