Why buy Stellar (XML)?
Lumen is the cryptocurrency on the Stellar blockchain. It is used as an ‘anti-spam’ tool. The use of XLM in transactions protects the network by preventing malicious actors from saturating it with a DoS attack. On the other hand, all accounts require a minimum balance of 0.5.
What it is and how it was born
Stellar is in a way the half-sister of Ripple, both having been created by Jed McCaleb. It is not intended to be a direct payment method, but rather an intermediary in currency conversion. Thanks to Stellar, it is possible to send a traditional currency from one part of the world to another via the blockchain with a complex tokenization system. Its technology is truly innovative and has an immediate impact on the real world, especially for countries where access to the financial system is almost non-existent.
The goal? ‘To make money more fluid, markets more open, and people more independent’. Overseeing the project, in addition to Jed McCaleb, is the Stellar Development Foundation, a non-profit set up in 2014.
Stay up to date with the price of Stellar
Unlimited access to +1000 free content items
Unravel the intricate world of DeFi, NFTs, DApps, Metamask, and more. Whether you're a beginner or an expert, our Academy is your roadmap to navigating the crypto market!
Buy Stellar in 3 steps on Young Platform
What does the Young Platform do?
Young Platform is the European exchange that blends simplicity with security, already chosen by over 2 million people for buying and selling cryptocurrencies. Backed by significant entities such as Azimut, United Ventures, and Banca Sella, Young Platform eases your entry into the world of cryptocurrencies with a user-friendly interface, easy-to-use trading tools, educational courses, and up-to-date news, all designed to be accessible to everyone. And the best part? It's completely free.
Check out the Top movers
Take a look at the prices of cryptocurrencies that have reached higher volatility in the last 24 hours and catch market trends.
