what is XLM Stellar Lumens?

1. The source of the stellar coin.

1. The founder of the star is JedMcCaleb, who was the co-founder of Rippo. Later, after seeing Ruibo’s development and his own thoughts, he decided to leave and created a star. The code of the star is 99%. Ruibo, only made a few changes.

1. Stellar, also known as Stellar, is a global platform for Mt-Gox and Ripple's original founder, McCaleb, to connect banks, payment systems and end users, similar to Ripple's new payment system.

1. The stellar coin is the underlying digital currency in the stellar payment network created based on the Ripple code modification.

2 characteristics of stellar coins.

1. Basic performance: The stellar currency is developed based on the digital currency in the payment network created by the Ripple code. The stellar currency is used as the encrypted digital currency, and the user can transfer the legal currency or the encrypted digital currency arbitrarily.

1. Increase in production: The total amount of mining is 100 billion. In fact, the amount of production of stellar coins is not gradually reduced, but is increased by 1% per year.

1. Main areas: The scope of business is small, mainly in cooperation with banks and financial institutions, and the ability to use the network to actually send money. Some non-profit and commercial entities have agreed to use stars as part of their financial infrastructure.

1. Solving the problem of cross-border payment: It has a good performance in cross-border payment: the existing financial system is connected to the stellar system, so as to achieve the purpose of transferring funds across borders. The advantage is that the transaction cost is small, almost A cost-effective transaction can be achieved at zero cost.

1. The future of the star (XLM).

The biggest competitor that Stellar (XLM) faces in the future is Ruibo, because the launch of the stellar coin is based on the Ripple agreement.

However, as a base currency for encryption digital, stellar has made great improvements on the basis of Ruibo technology, especially the consensus mechanism and verification algorithm, which makes the transaction cost lower and the transaction efficiency higher.