Stellar may be a non-profit organization whose mission is to produce cheap monetary services that are accessible to any or all, so as to fight financial condition and change everybody to develop their potential without economic restraint.
Stellar uses blockchain technology to deliver quick, secure and cheap transactions. The organization desires to act as an intermediator between banks, payment systems and people.
To be a lot of specific the Lumens are engineered into the Stellar network, wherever they act as a unit of digital currency. equally to however Bitcoin and different cryptocurrencies work, a Lumen can not be command physically, however users will exert digital possession of those assets with a personal key. The Stellar network launched with a hundred billion STR tokens in 2014, that were eventually renamed to Lumens in 2015 as a part of a serious platform overhaul.
The Stellar Network runs and operates all the transactions involving the Stellar Lumen coin. whereas the conventional centralized industry depends on the govt, the financial organisation, and company boards to see the distribution of currency by printing paper money, the decentralised Stellar Network, on the opposite hand, accept the underlying servers that apply the technology of cryptography to distribute lumen coins.
Lumens are accessible for purchase in varied market platforms but, it should be noted that the lumen coin has the danger of losing worth even as different traditional currencies. The stellar network has some tight measures to make sure that the protection of the currency users is bonded. for instance, it's a demand that every one account holders have a minimum of 20 lumens in their accounts to make sure that there's no faux account. Stellar Lumens act as a mercantilism medium between 2 currencies (say EUR and USD) in cases wherever an immediate market doesn't exist. Lumens offers a really low cost choice to build live transactions within the Stellar Network.
Market Summary
Current value - $0.011726
Market Cap - $194,503,621
Volume (24h) - $2,449,580
Circulating supply - 16,587,521,694 XLM
Total supply - 103,314,101,453 XLM
Features
Remittances
Send cash across borders quickly, for a fraction of a cent. Facilitate cheap payments between totally different currencies.
Micro Payments
Increase potency and reduce the price of smaller transfers. provide progressive payment choices to your customers.
Mobile Branches
Get workplace banking advantage with mobile branches. Expand your retail operation, without the overhead prices.
Mobile cash
Make mobile cash platforms practical. Let your customers send mm to recipients with totally different suppliers.
Services for the underbanked
Stellar cuts prices therefore you'll be able to bank new customers. Reach the bottom of the pyramid with cheap accounts, loans, and microsavings.