<![CDATA[What is Stellar (XLM) and how does it work?]]>

<![CDATA[What is Stellar (XLM) and how does it work?]]>

Stellar is an open-source blockchain network designed to make global payments faster, cheaper, and more accessible. Created in 2014 by Jed McCaleb, one of Ripple's co-founders, Stellar focuses on connecting financial institutions, payment providers, and individuals through a decentralized network. Its native cryptocurrency, Lumens (XLM), acts as both a utility token and a bridge asset that helps facilitate transactions between different currencies.

When a transaction is initiated on Stellar, the network can automatically convert one asset into another using its built-in decentralized exchange. This allows users to send money across borders in seconds while paying only a fraction of a cent in fees. Because of its speed and efficiency, Stellar has become a popular platform for remittances, stablecoins, and tokenized assets.

]]>https://undeads.com/forum/topic/20774/what-is-stellar-xlm-and-how-does-it-workRSS for NodeMon, 08 Jun 2026 06:51:14 GMTSat, 30 May 2026 04:06:55 GMT60<![CDATA[Reply to What is Stellar (XLM) and how does it work? on Sat, 30 May 2026 05:37:43 GMT]]>xlm is like the plumbing of the ecosystem. nobody talks about it until something important needs to flow through it

]]>https://undeads.com/forum/post/58577https://undeads.com/forum/post/58577Sat, 30 May 2026 05:37:43 GMT