Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security

What is the Difference Between Stellar and Lumens

Understand the distinction between Stellar and Lumens in the cryptocurrency world.
2024-06-16 12:14:00share
Article rating
4.5
111 ratings

When it comes to the world of cryptocurrency, there are numerous terms and concepts that can be confusing to newcomers. One such pair of terms that often causes confusion is Stellar and Lumens. While they are related, they are not interchangeable, and it is important to understand the difference between the two.

Stellar is a decentralized protocol for digital currency to fiat money transfers which enables fast, cross-border transactions. Lumens, on the other hand, is the native cryptocurrency of the Stellar network. In simple terms, Stellar is the platform or network, while Lumens are the digital currency used for transactions on that network.

One way to think of it is to compare Stellar to a bank and Lumens to the bank's currency. The bank (Stellar) provides the infrastructure and network for transferring money, while the currency (Lumens) is what is actually transferred between parties.

So why does this distinction matter? Understanding the difference between Stellar and Lumens can help investors and users of the Stellar network make more informed decisions. For example, if you are looking to invest in Stellar as a platform for cross-border transactions, you would want to acquire Lumens to use for those transactions.

Additionally, knowing the difference between Stellar and Lumens can also help clarify any misconceptions or misinformation that may be circulating in the cryptocurrency community. By having a clear understanding of these terms, you can better navigate discussions and make more educated choices regarding your involvement with the Stellar network.

In conclusion, while Stellar and Lumens are closely related, they serve different purposes within the cryptocurrency ecosystem. Stellar is the network that facilitates fast and secure cross-border transactions, while Lumens are the digital currency that powers those transactions. By grasping this distinction, you can make more informed decisions and engage more effectively with the world of cryptocurrency.

The content above has been sourced from the internet and generated using AI. For high-quality content, please visit Bitget Academy.
Buy crypto for $10
Buy now!
Stellar
XLM
Stellar price now
$0.3929
(-7.56%)24h
The live price of Stellar today is $0.3929 USD with a 24-hour trading volume of $486.02M USD. We update our XLM to USD price in real-time. XLM is -7.56% in the last 24 hours.
Buy Stellar now

Trending assets

Assets with the largest change in unique page views on the Bitget website over the past 24 hours.

Popular cryptocurrencies

A selection of the top 12 cryptocurrencies by market cap.
Download app
Download app