Review on Stellar by David Olayide
Stellar Lumens Setting The Pace For Crypto Projects
Stellar is an open source, decentralized payment system that is built on the blockchain network. The system allows for fast transaction of currencies and assets and it also has its own native cryptocurrency called Lumen(XLM). It is this digital asset called XLM, that serves a fuel to power the whole Stellar network. All transactions that take place on the network are publicly accessible because it is published on a public ledger.
Stellar today is popularly known in the trading world of crypto and is regarded as one of the most well performing altcoins in general. Personally I have made use of the coin in my transactions and trading activities. So far I do not have serious complaints about the project. Currently there are about 22 billion lumen coins in circulation and an amount of about 50 billion in total.
One major attraction for me is that you do not pay any fees or charges for using the network to transfer your digital assets, and this is most unlike other platforms. So I have a positive outlook on the possibilities and opportunities that Stellar Lumens have in the global market.
Stellar Lumens is trustworthy and used by thousands of traders. The Lumen is doing quite well in the global market. The project is versatile and can be applied in lots of areas such as banking and this makes it more appealing. It will also be a good source of investment if you want to invest in it.
Pros
- Tge project is open source and Decentralized
- Zero transaction fees
- Lumen is globally recognized on the international market
- Fast transactions
- The project is veraatile and has many application areas
- It is built on tge blockchain network
Cons
- None that i have noticed so far
