Lumen is the native digital currency of the Stellar network, a decentralized blockchain platform that aims to facilitate cross-border transactions. Lumens serve as a bridge currency, enabling users to send any type of currency to anyone in the world quickly and at a low cost.
One of the main features of Lumens is their ability to facilitate decentralized exchange between different currencies. This means that users can convert one currency to another without needing to go through a traditional financial institution. In addition, Lumens can also be used to pay for transaction fees on the Stellar network.
Lumens are not mined like some other cryptocurrencies. Instead, the total supply of Lumens was created at the launch of the Stellar network, with a small amount added to the supply each year. This fixed supply helps to prevent inflation and ensures the stability of the currency.
Overall, Lumens play a crucial role in powering the Stellar network, providing a fast, secure, and cost-effective way to send and exchange value across borders.
