Stellar Lumens is one of the most highly regarded open-source projects in the financial market. The Stellar Lumens project is a distributed payment platform that helps to consistently and efficiently facilitate digital currency transactions, with only small charges by using a digital currency called Lumens (XLM).
How Stellar Lumens Functions
It is vital to know that the project has gotten massive support from a lot of financial institutions and Bitfinex. The way the digital currency functions is similar to other decentralized payment platforms. The system includes a network of decentralized servers that are being renewed every two to five seconds.
The Consensus Protocol of Stellar Lumens
Another amazing feature of the digital currency that makes it different from other digital currencies such as Bitcoin is its consensus protocol. However, if you are looking for a platform to provide you with solutions regarding the issues with conventional bank services such as quick access and fees, then the Stellar Lumens platform is the right choice.
This is because it lets users transfer money to anyone in any part of the world with a very little penny as charge and the transaction time is just a few seconds. With all these benefits, a lot of users and investors are choosing this platform. Due to the increased patronage, Stellar Lumens experienced an increase in its users across the globe in 2017.
The upsurge in the use of XLM has been as a result of its adoption by major financial institutions. A few months ago, Stellar Lumens was able to secure a partnership with IBM – one of the largest computer technology firms in the world today.
Another significant breakthrough of the digital currency is the support from NASDAQ – one of the most prominent stock markets in the U.S. This is a great new for Stellar Lumens, and it is going to boost the interest of many investors, making the Stellar Lumens platform an unresistable one.