Stellar news brought to you by Crypto Insider reveal the latest developments taking place in the project, and relevant information about the Lumens (XLM) cryptocurrency. Created by Mt. Gox founder and Ripple co-founder Jed McCaleb in collaboration with academic and computer scientist David Mazières, the Stellar Network was launched in 2014 and issued a 100 billion stellars as a native currency.
A year later, an upgraded network was released and the name of the new coin became Lumens. Since then, XLM has been a worthy contender for facilitating international cross-asset transfers of value. The steady annual inflation rate of 1% and the fixed small fees make up for a predictable Keynesian currency that prevents spam and makes sure that all participants bring economic value (the minimum amount to be held in a Stellar wallet is 0.5 XLM).
At its core, XLM is the fuel that ignites the cross-platform transactions and micro-transactions. Users can send the currencies that they own to somebody else around the world, in a different currency, and by having the fees paid with Lumens.
Stellar News brought to you by Crypto Insider will cover the latest advancements in the development of this open-source protocol, the extent to which it reaches its global goal for adoption, and technical analysis for the various price movements of the XLM token.