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Stellar

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description Stellar Overview

Stellar is a blockchain platform focused on facilitating low-cost, near-instantaneous payments, particularly for cross-border transfers. It utilizes a distributed network of independent servers to process transactions, offering an alternative to traditional banking systems. The technology is designed for businesses and individuals needing efficient international payment solutions, emphasizing speed and reduced fees.

help Stellar FAQ

Who founded Stellar and in which year did it start?

Stellar was founded in 2014 by Jed McCaleb. It was built as a decentralized payment protocol rather than a traditional centralized money transfer provider.

Is Stellar really focused on cross-border payments?

Yes, Stellar is positioned around fast international transfers and interoperability between different financial rails. That is the core reason people describe it as a cross-border payments network.

Is Stellar an open-source blockchain network?

Yes, Stellar is widely described as open-source, which supports external contribution and external audits of parts of the ecosystem. If you are evaluating developer tooling, this openness is part of its core positioning.

What is the native token used in the Stellar network?

The native token is XLM, also called Lumens. If you are researching interoperability and wallet support, XLM is the unit you will see across integrations.

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