Lumen (XLM) is a cryptocurrency on Stellar Network. In the beginning, Lumens are called Stellar, as same as the name of the network. But after the upgrade of the protocol in 2015, the crypto’s name was changed into Lumen in order to distinguish crypto’s name from the network’s name.
Stellar is a network system designed to create a fast currency transfer system in the digital currency - Fiat category. Which is designed to be able to perform transactions like other currencies, just has a high speed and is much more convenient for the number of Lumen coins that were created. Originally there were 100,000,000,000 XLM (one hundred billion) in which, in 2019, there were 50% of all coins destroyed in the system leaving only half of the total amount of XLM in the system.
Stellar is designed from the speed of transfer. Therefore is used in collaboration with various financial institutions nowadays.
Reference from: https://bitblockthai.com/about-stellar-lumens/
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