Stellar (XLM)
- Official Website: stellar.org
- Definition: Stellar is a blockchain platform designed for fast, low-cost cross-border payments and asset transfers.
- Category: Blockchain, Layer 1 chain, Cryptocurrency.
- What It Is: A decentralized network for financial services, focusing on remittances and tokenization.
- Function: Facilitates cross-border payments and token issuance.
- Analogy: Think of Stellar as a global postal service for money. It delivers value quickly and cheaply across borders.
- Pros: Fast transactions, low fees, strong focus on financial inclusion.
- Cons: Centralization concerns, competition from Ripple (XRP).
- Controversies: Dispute with Ripple over similarities, regulatory scrutiny.
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This page was last updated on January 28, 2025.
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