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Glossary/Lumens (XLM)

Lumens (XLM)

The native cryptocurrency of the Stellar network. Lumens serve as a bridge currency for transactions involving different currencies and are used to pay for transaction fees on the network.

Every Stellar account must hold a small base reserve of XLM, and each operation costs a tiny fee — both designed to keep spam off the ledger. XLM also provides liquidity between issued assets on the built-in exchange.