XLM, or Stellar Lumens, is the native token of the Stellar Network and has several key features:
Fast Transactions: XLM uses a unique consensus algorithm called the Stellar Consensus Protocol, which allows transactions to be confirmed very quickly, taking only a few seconds on average.
Low Fees: Compared to traditional financial systems and some other cryptocurrencies, XLM transaction fees are extremely low, typically just a few cents per transaction.
Cross-chain Compatibility: XLM has excellent cross-chain compatibility and can interoperate with other different types of blockchain networks, making it easy for users to transfer assets between different networks.
Multiple Uses: XLM can be used for foreign exchange transactions, online payments, insurance settlements, cross-border transfers, and as an investment tool3. In addition, it also supports smart contract development, allowing developers to build a variety of different types of applications and services.
Stable and Scalable: XLM is designed to maintain price stability, and the Stellar network is able to handle a large number of transactions to adapt to the needs of global payment systems.
Please note that the cryptocurrency market is volatile and investment should be cautious.
