In addition, the Stellar platforms protocol enables a more efficient cross-border payment by connecting from around the world.
Just like every other cryptocurrency current operating in the market, Stellar boasts of “decentralization” which has become the biggest buzzword in blockchain technology. Stellar operates on a network of decentralized servers that are supported by a group of entities and individuals. These servers play a supporting role for the distributed ledger that tracks the data and transactions on the network.
Stellar’s protocol operates as a flexible and more inclusive payment platform like PayPal. You can use it by uploading your funds to an anchor located on the network. It is just like your bank, the anchor keeps your money and credits your virtual wallets.
Lumens (XLM) is the digital currency or asset of the Stellar network. Lumens are an integral part of the Stellar network, it is through the currency that allows you to move your money around the world through various transactions, and between various currencies.
Every account on the Stellar network must hold a minimum of 0.5 lumens. This allows users to reduce clutter on the ledger by eliminating inactive or abandoned accounts. This also ensures that all the accounts on the network have economic utility.
Lumens is sometimes used to facilitate the trading of pairs of currencies where there is no large direct market between them. However, this function is only possible when a liquid market between lumens and the currencies involved exists.
Where To Sell Stellar (Lumens)
“Where to sell?” is a question that most crypto investors ask at the point where they are just learning more about blockchain. They get curious and want to know if it is going to be an asset that they can trade and sell without any fuss. well, this is one of the great things about Stellar’s Lumens – you can exchange with most cryptocurrencies in the liquid market. For investors who are curious about the possibility of selling their lumens at a Bitcoin ATM, it is very possible with services like SatoshiPoint Bitcoin ATM. These Bitcoin ATMs are currently operating in 32 locations across the UK. It is very easy to sell and trade your lumens currency, and it is just as smooth and easy as making a cash withdrawal of traditional bank notes. SatoshiPoint is one of such companies that are focused on bringing cryptocurrencies closer to investors, and also expanding the value chain of the crypto market.
Date Published: Tuesday April 9, 2019
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