XLM

XLM, or Lumens, is the native cryptocurrency of the Stellar network, a blockchain platform designed to facilitate fast, low-cost cross-border payments and financial transactions. Stellar operates as a decentralized payment protocol that enables individuals and institutions to transfer value across different currencies and borders with minimal friction. The network uses a consensus mechanism based on the Stellar Consensus Protocol, which differs from traditional proof-of-work systems and prioritizes transaction finality and network resilience. XLM serves multiple functions within the ecosystem, including transaction fee payments, spam prevention through minimum balance requirements, and as a bridge currency to facilitate trades between different fiat and digital assets. The token has been distributed broadly to promote adoption and network participation, with an emphasis on financial inclusion in underbanked regions. Stellar has established partnerships with various financial institutions and payment providers, positioning it as a practical infrastructure for remittances, micropayments, and tokenization of assets. The network's architecture emphasizes accessibility and efficiency, making it notable for its focus on real-world applications rather than speculative utility.