Stellar is a platform that connects banks, payments systems, and people. Integrate to move money quickly, reliably, and at almost no cost.
Lumens are the native asset of the Stellar network. Native means that lumens are built into the network. Asset is how the network refers to an item of value that is stored on the ledger.
One lumen is a unit of digital currency, like a bitcoin. While you can’t hold a lumen in your hand, they are essential to the Stellar network—they contribute to the ability to move money around the world and to conduct transactions between different currencies quickly and securely.
XLM is shorthand for lumen. Most currencies have 3-letter codes (USD, EUR, AUD, BTC) as an international standard.
The technical term for these shorthand codes is ISO 4217.
|Confirmation Time:||3-5 second|
|Supports Thousands of Transactions:||per second|
|Can be used to send or trade any Currency, Asset, or Token.|
|Uses SCP rather than Proof of Work.|
|Simple, clean API|
|Multisig and Smart Contracts|
|Decentralized Distributed Database|
|Created Initially:||100B XLM|
|Annual Inflation:||1% fixed|
|David Mazieres||Chief Scientist|
|Ella Qiang||Partnerships China|
|Jed McCaleb||Stellar Developer|
|Keith Rabois||Investment Partner, Khosla Ventures|
|Joyce Kim||Stellar Co-founder|
|Shivani Siroya||CEO of InVenture|
|Greg Brockman||Former CTO at Stripe|
|Patrick Collison||CEO of Stripe|
|Greg Stein||Director at the Apache Software Foundation|
|Matt Mullenweg||Founder of WordPress.com|
|Naval Ravikant||Founder of AngelList|
|Ronaldo Lemos||Director, Institute for Technology & Society of Rio de Janeiro (ITSrio.org)|
|Sam Altman||President of Y Combinator|
|Dan Kaminsky||Chief Scientist at White Ops|
|Bhagwan Chowdhry||Professor at UCLA Anderson|