Is Stellar an altcoin?

Yes, Stellar Lumens (XLM) is an altcoin because it is a fork based on Bitcoin, imitating Bitcoin’s technology and concepts, but with unique uses and innovations, focusing on financial industry solutions plan.

#Is Stellar Lumens an altcoin?

Answer: Yes.

Detailed explanation:

Stellar Lumens (XLM) is a cryptocurrency that meets the definition of an altcoin:

• From Bitcoin: Stellar is based on a fork of the Ripple protocol, which in turn is a fork of Bitcoin.
• Imitate Bitcoin: Stellar borrows Bitcoin’s underlying technologies and concepts, such as distributed ledgers and consensus mechanisms.
• Unique uses: Stellar supports cross-border payments, digital asset transactions and smart contracts, but its main goal is not to replace Bitcoin, but to provide unique solutions for the financial industry.

Therefore, Stellar is classified as an altcoin because it is derived from Bitcoin and has similar features while having its own unique innovations and use cases.

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