cryptolinkbase.com
Cryptocurrency and Blockchain Knowledge Directory.
Category: Altcoins -> Crypto Ecosystem's native coins
Type: homesite
"You need lumens to use Stellar. Luckily, theyâ??re for sale on many exchanges and available for trade directly on the Stellar network as well."(...)"So we gave the network its own currency, intended solely for denominating network requirements. That currency is â??the lumen.â?? As you can see below, there are now 4.3 million Stellar accounts, and each of them uses lumens to meet minimum balance requirements and pay transactions fees."(...)"That inflation mechanism was ended by community vote in October 2019. And in November 2019, the overall lumen supply was reduced. Now there are about 50 billion lumens, total, in existence, and no more lumens will be created."
