How to Get Free Stellar Lumens (XLM) Every Week?
Stellar is one of the most promising payment cryptocurrencies in the market. Establish numerous partnerships and establish cutting-edge technologies. Stellar’s goal is to make money flow like e-mail. They are building a free and open source code so that anyone can build a low-cost financial application. Of course, there are many competing projects building similar technologies.
What is stellar?
Stellar is mainly a distributed payment network designed to provide fast, secure and cheap cross-border payment solutions. It can also be used to issue your own token. As an ICO platform, it is much easier to use than Ethereum. Both the network and the foundation of its connection started in 2014, and the network is powered by the native star lumen (XLM) token. XLM is the key to almost instant transactions and cross-border payments between different currencies.
How to get stellar for free?
Stellar’s faucet website is a good choice. Stellar faucet website can help us get free virtual currency. Now I will introduce some profitable stellar faucet websites.
Xfaucets
10mins Claim up to 0.005XLM every 10 mins
https://www.xfaucets.com/?ref=3f53370c
Allcoins
5Min 0.00099030XLM
https://allcoinss.com/
Bithunt XLM
New 5Min 0.00980030XLM
https://global.bittrex.com/
Xcolander
15Min 0.00080050XLM
https://xcolander.com/
Althub
5Min 0.01008020XLM
https://althub.club/site/terms
Stellar Faucet
60Min 0.04748987XLM
https://stellarfaucet.tech/
Stellar network
Stellar network was created as a decentralized platform for fast and cheap asset transfer anywhere in the world. Stellar network can connect individuals, banks and payment systems to move money safely, reliably and quickly, paying only a small part of the cost of traditional payment gateway and money transfer. Stellar hopes to completely change the way of international payment and remittance, making it safe, fast, convenient, cheap and suitable for all people in the world. Stellar can also be used as the starting platform for ICO projects. It is much easier to create tokens on stellar blockchain than on competitive platforms. Mobius network, sureremit and smartlands are just a few projects that put ICO on stellar.
What makes stellar unique?
At first glance, stellar seems to offer many of the same services as the traditional banking system, but there are some key differences that make stellar different.
On the one hand, compared with the traditional banking system, transactions on stellar occur on a decentralized blockchain and network, with significantly faster processing speed and lower cost. Stellar is first-class compared to other projects. With stellar payment processing in 2–5 seconds, the cost is so small that few people notice. On stellar’s network, you can exchange one currency for another, and you only need to pay US $0.00006 for each transaction. By contrast, an international wire can cost as much as $75.
Stellar is also unique compared to other encryption and blockchain projects. Although many of these popular encryption projects are focused on providing benefits for companies and enterprises, stellar was founded with the lofty goal of creating an inclusive digital economy and thus serving individuals. Strahl hopes to use his technology, innovation and status to help “overcome poverty and maximize personal potential”.
Stellar Technology
Stellar’s distributed network consists of a large number of servers, each of which runs star core software. All servers are owned by different people and organizations around the world. Star core software has its own local copy of the blockchain and communicates and synchronizes with all other computers running star core software and connected to the network.
Stellar differs from most other cryptocurrencies in that its consensus mechanism is neither proof of work nor proof of interest. Instead, it uses something called the star consensus protocol (SCP), which provides a way to reach a consensus without relying on a closed system so that transactions can be accurately recorded.
How stellar works?
Anyone who wants to interact on starlight must first create an account, or rather a wallet address. This will include a public key that can be shared with others and a private key that keeps the account secure. Your public key is an encryption method used to ensure the security of transactions on the network. Once you have an account, you need to upload some money to stellar’s network anchor. Anchor is a trusted structure that can hold deposits and issue virtual credit to star accounts.
The anchor is the connection between stellar’s network and the existing currency. Because of this, most network anchors are banks, remittance companies and savings institutions. When your funds are uploaded to the anchor, you can take advantage of the instant transfer on the network.
Stellar vs Ripple
Anyone who pays attention to stellar will naturally try to compare it with ripple (XRP), because both are payment networks and are created by Jeb McCaleb. The two projects do have some similarities. They are widely seen as competing networks. In other words, there are also key differences between the two platforms. Although some people call stellar the fork of ripple, it is not the case. Stellar has its own unique code base, and they have different ideas. While ripple focuses on the institutional aspects of financial transactions and tries to work with major global banks to replace the global remittance network, stellar is more personal and provides a platform that emphasizes inclusiveness and global financial literacy.
It’s true that the two projects are closer in terms of initial features and code base, but after five years of development on stellar, that’s not the case anymore. Stellar has been changed to stellar consensus protocol, using a model called federal Byzantine protocol to implement consensus mechanism.
