What is Stellar XLM?

Stellar XLM is a decentralized blockchain platform that aims to facilitate cross-border payments and exchange of currencies. Launched in 2014, the platform was founded by Jed McCaleb, the co-founder of Ripple, with the goal of providing a more efficient and affordable alternative to traditional banking systems.
Stellar uses its native cryptocurrency, Lumens (XLM), as a bridge currency to facilitate the exchange of other currencies. The platform supports both fiat currencies and cryptocurrencies, allowing users to send and receive payments in a variety of currencies, including USD, EUR, BTC, and ETH.
One of the main features of Stellar is its fast and low-cost transaction processing. The platform uses a consensus algorithm known as the Stellar Consensus Protocol (SCP) to validate transactions, which enables faster transaction times and lower fees compared to other blockchain platforms.
Another important aspect of Stellar is its focus on financial inclusion. The platform aims to provide access to financial services for people who are unbanked or underbanked, particularly in developing countries. Through partnerships with various organizations, Stellar has launched a number of initiatives to provide affordable financial services, including microfinance and remittances, to people in these regions.
Stellar's governance structure is also unique, as it is overseen by the Stellar Development Foundation (SDF), a non-profit organization that is responsible for the platform's development and maintenance. The SDF is funded through donations from various sources, including the initial distribution of Lumens and grants from organizations such as the Bill and Melinda Gates Foundation.
In conclusion, Stellar XLM is a promising blockchain platform that aims to revolutionize cross-border payments and promote financial inclusion. Its fast and low-cost transaction processing, support for multiple currencies, and unique governance structure make it a strong contender in the blockchain space. With continued development and adoption, Stellar has the potential to transform the way we think about global finance.