What is Stellar?

Stellar (XLM) is a decentralized blockchain platform designed to facilitate fast, low-cost cross-border payments. Launched in 2014 by Jed McCaleb and the Stellar Development Foundation, Stellar aims to bridge the gap between traditional financial institutions and blockchain technology.

Key features of Stellar:

• Fast and Low-Cost Transactions
  Stellar's blockchain processes transactions within seconds and at a fraction of a cent, making it an efficient solution for international remittances and micropayments.
• Cross-Border Payment Solutions
  Stellar enables seamless currency exchange and cross-border transactions by allowing users to send any currency and have it automatically converted to the recipient’s preferred currency.
• XLM Token
  XLM (Lumens) is the native cryptocurrency of the Stellar network. It is used to facilitate transactions, prevent spam, and support liquidity for cross-border payments.
• Decentralized Exchange (DEX)
  Stellar includes a built-in decentralized exchange that allows users to trade assets directly on-chain. This feature enhances liquidity and accessibility for various digital assets.
  
  
  

What is the difference between Stellar and Ripple (XRP)?
While both Stellar and Ripple focus on cross-border payments, Stellar is more decentralized and community-driven, targeting financial inclusion and smaller financial institutions. Ripple, on the other hand, primarily partners with banks and enterprises for institutional-level transactions.