What is Stellar Lumens?

Stellar Lumens (XLM) is a crypto asset and distributed ledger developed by the Stellar Development Foundation. The goal of Stellar Lumens is to make financial services accessible to more people by creating a global payment system that is affordable and easy to use.

While development was originally based on Ripple, it has moved to using an original consensus algorithm called the Stellar Consensus Protocol (SCP).

This unique consensus algorithm allows a large number of transactions to be quickly processed at a low cost without any need for mining.