What is Stellar (XLM) and How Does it Work?

Stellar (XLM) is a decentralized, open-source blockchain network that enables fast, low-cost international money transfers. The network connects banks, payment systems, and people, allowing for cross-border transactions with minimal fees. Transactions on the Stellar network are processed and confirmed within a few seconds, and the network can handle many transactions per second. Stellar uses a consensus algorithm called the Stellar Consensus Protocol (SCP), which allows for decentralized network control while still providing high security and reliability. Users can hold and…