Stellar can be described as a decentralized payment network and protocol. Lumens (XLM) is the native currency of the platform.
Stellar aims to become an open financial system that people of all inc
ome levels can access financial services at a very, very low cost.
It features a distributed exchange where XLM can be used as an intermediary currency in order to facilitate multi-currency transactions. It basically means that if you want to send USD for EUR using the Stellar platform, USD is first turned into XLM which then gets exchanged for EUR, at the best possible exchange rate.
The Stellar network features a small fee of 0.00001 XLM, which acts a deterrent for possible spam attacks on the network.
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