Stellar (XLM) is a decentralized blockchain network designed to facilitate fast, low-cost cross-border transactions. Unlike Bitcoin, which focuses on being a store of value, Stellar aims to bridge the gap between traditional financial systems and cryptocurrencies. It enables users to send money across borders in seconds, making it ideal for remittances and micropayments.

The Stellar network operates using the Stellar Consensus Protocol (SCP), which is different from proof-of-work (PoW) or proof-of-stake (PoS). SCP allows transactions to be validated quickly without requiring intensive computational power. This makes Stellar one of the most energy-efficient blockchain networks.

Lumens (XLM) is the native copyright of the Stellar network. It serves two primary functions: preventing spam transactions by requiring a small fee and facilitating currency exchanges within the network. Users can convert one currency into another using Stellar’s built-in decentralized exchange.

For those interested in tracking the XLM price, it’s essential to stay updated with market fluctuations. The price of XLM is influenced by various factors, including adoption by financial institutions, overall market trends, and technological advancements in the Stellar ecosystem.