What is Stellar?
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What is Stellar? |
Hello,
What is Stellar?
Coinbase Stellar Lumens ( XLM ) Quiz Answers
Q1. What is Stellar?
Answer: A decentralized protocol that unites the world’s financial infrastructure.
Q2. What are Stellar Lumens (XLM) used for?
Answer: Facilitating low-cost, universal payments
Q3. Why is Stellar good for sending remittances?
Answer: Transactions are fast, inexpensive, and global
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Q4. Why would banks and businesses use Stellar?
Answer: To issue, exchange, and transfer tokens quickly and efficiently
Q5. How does Stellar’s Consensus Protocol work?
Answer: It relies on the cooperation of trusted nodes to confirm transactions
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