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A decentralized network consists of peers that can run independently of each other. This means that the Stellar network does not depend on any single entity. The idea is to have as many independent servers participate in the Stellar network as possible, so that the network will still run successfully even if some servers fail.
Lumens is the name given to the token of the Stellar network. It was originally called stellar when the Stellar network started in 2014, but when they upgraded their network in 2015, the name of the token changed from stellar to Lumens.
This coin has two purposes which are:
Acts as an anti-spammer
Each transaction has a fee of 0.00001 Lumens. This fee has the function of preventing malicious users from flooding the network in what would be called a DoS attack. Lumen works like a token that stops malicious people trying to generate a large number of transactions or consume a large amount of space.cryptocurrencies can help with the basics.
This causes the Stellar network to require that its users have a minimum balance of 20 Lumens this requirement is to avoid creating accounts with only the purpose of filling space and that these accounts are authentic, which helps the network to maintain a flow fluid and clean in your transactions
facilitate multi-currency transactions
XLM sometimes facilitate trades between pairs of currencies between which there is not a large direct market, acting as a bridge. This function is possible when there is a liquid market between the lumen and each currency involved.
What is stelar
The stellar network is a blockchain-based database that facilitates securities transactions between users. The currency that Stellar uses is Lumes (XLM). Stellar can be said to be a payment network.
Stellar (XLM) is a cryptocurrency that started in 2014, and it entered the top 10 despite its low exchange rate. The reason for its low rate is the purpose of the coin and the way it is used.
How to mine stelar
Stellar (XLM) cannot be mined as normal with Bitcoin because it does not use proof of work. It is based on established nodes that confirm transactions through a voting system. Block rewards are delivered to Stellar nodes at 1% inflation per year.
How to buy Stellar
There are two main ways to buy Stellar, either directly using a credit / debit card or with a bank transfer, or you can exchange it for other cryptocurrencies on different platforms that allow cryptocurrency trading. Buying it directly with a fiat currency is the easiest way, but not all platforms have this ability since through the exchange you can lose a part due to the handling fees that the different platforms have
Where to buy Stellar
There are many platforms that offer the Stellar XLM cryptocurrency you can select the platform that most catches your attention or buy it directly on the Stellar x platform.
You can also buy it on our platform where in a few very simple steps you can have this cryptocurrency in your virtual wallet in minutes
All you need to do is enter here and select how much you want to buy by entering the amount in euros you want to buy in this cryptocurrency, then select XLM that is found in a large number of other cryptocurrencies that you can also buy on our page and then you click the buy button.
Doing this will take you to another page where you will fill in some data that is to link your wallet where the cryptos will be deposited then you will have to enter your Tag payment, telephone and email.
Followed by this you will have to select the payment method which you can select whether to pay in cryptocurrencies, credit / debit card or with a bank transfer, you have to solve a capatcha and press the button to continue and that’s it.
When your transaction is completed, the amount of cryptos you specified will be automatically sent to the wallet that you specified, if there is a problem, the communication channels you provided will be used, which would be your cell phone or email
The price of the stellar token has a variation of $ 0.067098 / $ 0.070874 in 24 hours its price varies creating an average value of $ 0.069000 as we can realize the price of the Stellar is that of a penny cryptocurrency
Stellar Lumens is a cryptocurrency, which follows a concept of inflation. Because all of the coins are already mined (100% pre-mine) devs need to distribute leftover coins to the community. So, they set the inflation rate at 1% per year, or 0.02% per week.
The Stellar method of distribution for these new lumens is via inflation target accounts. These are addresses that can be voted on by individual accounts. And there is also the way in which inflation groups are voted where the community joins and gets a share of Monday no matter how many XLM they have