#creatorpad #XLM
Key information about XLM:
Purpose: XLM is used to facilitate cross-border transactions between different currencies (fiat or digital) at very low costs and high speed (3-5 seconds per transaction). The network focuses on supporting individuals, small enterprises, and financially underserved communities.
Current price: According to the latest data, the price of XLM ranges around 0.44-0.46 USD, with daily fluctuations. (Please check market sources like Binance or Coinbase for live pricing).
Market capitalization: The market capitalization of XLM is approximately 12.8-14.2 billion USD, making it one of the largest cryptocurrencies (ranked 12-16 globally by market capitalization).
Circulating supply: The circulating supply is about 31.25 billion XLM, while the total maximum supply is 50 billion XLM. The currency is inflationary at a rate of 1% per year to support economic growth.
Network features:
It uses its own consensus protocol (Stellar Consensus Protocol), which is an alternative to proof of work or stake, making transactions faster and less energy-consuming.
It supports multi-currency transfers using "anchors" that bridge different currencies.
It focuses on financial inclusion, making it suitable for individuals and small businesses in remote areas.)
