There have been a lot of reports lately in the crypto space, and Stellar has posted an important notice for users. They issued a warning to users against the phishing scams. Crypto enthusiasts are aware of the fact that phishing scams have proliferated a lot, and they also aim XLM users. This warning comes at … Continue reading "Stellar Warns Users About XLM Crypto Scams"
Crypto adoption continues to intensify with various movements that are taking place in the crypto space, which are making it much easier for people to have access to crypto these days. Crypto adoption is one of the main goals that crypto enthusiasts in the community have for this year. Stellar has been making its own … Continue reading "Crypto Adoption: StellarX Mobile Wallet Launches On iOS"
What is the Stellar Lumens ?
- Stellar (XLM) is a completely decentralized consensus platform, designed to support any type of currency. It has a decentralized purse that can be used to trade any type of currency or asset.
Since the Stellar lumens network does not use mining technology. All tokens exist at the start of the network. The majority of them are held by the non-profit foundation Stellar.org.
Stellar.org distributes the coins as follows:
50 billion XLM: to be given in small quantities to as many people as possible.
25 billion XLM: to be given to other companies and non-profit organizations to reach people that stellar.org would not otherwise be able to reach through the direct registration program.
20 billion XLM: to give to holders of bitcoins and XRP (see Ripple)
5 billion XLM: retained by Stellar. org for operations.
Stellar allows you to send any currency you hold to someone else in a different currency through the integrated decentralized exchange. People can receive any currency through an anchor they have added.