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What is Stellar
Founded in 2014, the Stellar Development Foundation (SDF) promotes the development of the Stellar network. The function of the Stellar Network is to facilitate creating, sending and trading of digital representations of any currency and therefore connecting people by providing cheap and simple global payment systems.
Stellar uses the Stellar Consensus Protocol, which is a network of decentralised peers which have the ability to run independently. The Stellar network is created when this decentralised network syncs and reaches consensus.
The currency of the Stellar network is called Stellar lumens. Costs of transaction fees (0.00001 lumens) on the Stellar network are paid using lumens and lumens are also used to conduct multi-currency transactions when the direct market of two currencies is not adequate.
The token ticker of Stellar lumens is XLM.
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