Stellar is a platform that connects banks, payments systems, and people. Integrate to move money quickly, reliably, and at almost no cost.
XLM is a completely decentralized consensus platform. It is designed to support any type of currencyShow more [+] It has a built in decentralized exchange that can be used to trade any type of currency or asset.
A decentralized network consists of peers that can run independently of each other.
This means that the Stellar network does not depend on any single entity. The idea is to have as many independent servers participate in the Stellar network as possible, so that the network will still run successfully even if some servers fail.
Like a traditional ledger, the Stellar ledger records a list of all the balances and transactions belonging to every single account on the network. A complete copy of the global Stellar ledger is hosted on each server that runs the Stellar software. Any entity can run a Stellar server.
These servers form a decentralized Stellar network, allowing the ledger to be distributed as widely as possible. The servers sync and validate the ledger by a mechanism known as consensus.
This entire process of coming to consensus on the Stellar network occurs approximately every 2-5 seconds.