Some know it as Stellar while others refer to it as Lumens or Stellar Lumens. What’s true is that (XLM) is a cryptocurrency that is designed to facilitate cross-asset transfers of value such as payments and transfer of money. Created by the founder of eDonkey, XLM is an open-source and fully decentralized global financial network.
Originally, Stellar was based on the Ripple protocol and model. After a fork, it was formed by changing a consensus code which in 2015 resulted in the formation of the Stellar Development Foundation. This organization coded a new consensus algorithm released in April 2015 which brought the altcoin and over 8 billion Stellar Lumens (XLM) on the crypto market.
Stellar Lumens is a hard fork of Ripple XRP, which makes it really similar to Ripple only it doesn’t just work for the banks but also for the people too. The community is a non-profit organization and it was made to serve people in the first place. Before you decide whether you invest in Stellar or no, there are a few things you need to know. One of the fascinating aspects of this cryptocurrency is that it has built-in smart contract protocols and they are the same protocols that helped make a test version of Ethereum’s blockchain through the Enterprise Ethereum Alliance.
They’ve partnered with IBM and opened a major opportunity to potential XLM users because; more businesses from the developing world try to find a way for their projects to be funded. The difference is that the asset can process transactions in 2 to 5 seconds and also allows all users to make a quick exchange of government currencies such as Euros or dollars. The crypto project recently acquired 1 million users in its data base.