#BinanceAlphaAlert
Stellar is an open-source network designed to promote fair access to the global financial system. It is managed by the Stellar Development Foundation, a non-profit organization founded in 2014.
The network aims to create a global financial infrastructure that enables seamless movement of traditional currencies and opens access to new markets. It does this by facilitating the transfer of digital representations of currencies (like USD, EUR, BTC, etc.) on a unified ledger.
Stellar achieves consensus through the Stellar Consensus Protocol, which is built on the Federated Byzantine Agreement model. To support developers, Stellar offers a range of Software Development Kits (SDKs) and APIs, making it easier to build and integrate applications on the network.
Stellar’s native token, Lumen (XLM), is used for staking and serves as the primary means of payment within the system.
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