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What is Stellar Lumens (XLM)?

Transactions that occur on the Stellar network are added to a distributed and public ledger accessible to everyone worldwide. Stellar's consensus method ensures that transactions are fast and cost effective, with everyone on the network agreeing on transaction validity in a matter of seconds. Each participant who helps to add Stellar transactions to the global ledger is called a node and chooses its own mini network of other trusted participants that it accepts. As long as these mini networks overlap, the Stellar network can generally agree on what transactions are valid and these transactions can be added very quickly to the ledger.