Stellar is a decentralized blockchain network developed by the Stellar Development Foundation. The organization’s currency, called the lumen, is traded under the symbol XLM on various cryptocurrency exchanges. Lumens are designed to be used on the Stellar network to pay transaction and account initialization fees.
Stellar aims to make financial services more accessible and affordable for everyone by leveraging Blockchain technology. It is both a cross-currency transaction system and a platform for digital asset issuance, designed to connect the world’s financial infrastructure. Stellar’s basic operation is similar to that of most decentralized payment technologies. It runs a network of decentralized servers with a distributed ledger that is updated every two to five seconds among all nodes
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