XLM
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#XLM
Stellar is a platform for currency operations that operates in real-time. It was founded in early 2014 by Jed McCaleb and Joyce Kim as a branch of the Ripple cryptocurrency platform for payment systems and initially operated on the same protocol.
XLM is one of several cryptocurrencies that are used in the real sector of the economy, not just for speculative purposes.
The project's development focus is on finance and cross-border transfers.
It is important to distinguish between 2 concepts: Stellar and XLM:
Stellar is the distributed ledger on which the entire infrastructure is built. It is the foundation, with its own rules and algorithmic protocols, the software upon which the use of native coins and everything else related to the ecosystem depends.
XLM is the native coin in the Stellar blockchain. It ensures liquidity within the ecosystem and pays intra-network fees for transactions. It is traded on Binance, Coinbase, OKX, ByBit, KuCoin, and other cryptocurrency exchanges and has high liquidity on them.