Coinbase, Exchanges

What Is Stellar Coinbase Quiz Answer?

Stellar is a decentralized protocol that enables you to send money to anyone in the world, instantly, for free. Stellar is an open-source, distributed payments infrastructure.

It is a non-profit organization with the mission of democratizing access to the global financial system.

The Stellar network is a decentralized ledger of all accounts and transactions. The network is powered by the Stellar Consensus Protocol (SCP), a Byzantine Fault Tolerant (BFT) consensus mechanism that allows for near-instant transaction finality.

The Stellar network is open-source, public, and does not require permission to join.

NOTE: This warning note is to inform you that the “Stellar Coinbase Quiz Answer” is not an official quiz or competition associated with Coinbase or Stellar. It should be noted that the answers provided through this quiz have not been verified and there is no guarantee that they are correct. You should use caution when using the answers provided by this quiz and make sure to double-check your results with other sources.

The native currency of the Stellar network is called Lumens (XLM). Lumens are used to pay for transactions on the network and are required for maintaining account balances.

One billion lumens were created at Stellar’s inception, and no more can be created.

The Stellar Development Foundation (SDF) is a non-profit organization that supports the development of the Stellar network and its ecosystem. The SDF provides grants to individuals and organizations that are building applications on Stellar.

The SDF also runs the Stellar Lumen Program, which gives away lumens to people who hold other currencies on certain exchanges. The goal of the program is to promote adoption of Stellar by making it easy for people to get started using the network.

To date, the SDF has given away over half a billion lumens through the Lumen Program.

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