Understanding Stellar Casinos
Stellar, an early altcoin in the crypto sphere, operates as a decentralized blockchain network, originating in 2014 as a divergence from Ripple currency, with Lumens (XLM) as its native tokens. Developed by Ripple cofounder Jed McCaleb and entrepreneur Joyce Kim, Stellar's advancement is guided by a Stellar Development Foundation (SDF) non-profit foundation, aiming to offer people 'equitable access to the global financial infrastructure using blockchain technology.'
Transactions within Stellar are processed using the Stellar Consensus Protocol (SCP), a more efficient system compared to Bitcoin’s energy-demanding Proof of Work (PoW) mining protocol , and distinct from Bitcoin, the entire supply of 100 billion Lumens (XLM) was pre-generated upon Stellar's inception. Notably fast and energy-efficient, processing between 2 to 5 seconds, it captivated the attention of the top online casinos , and several online gaming platforms that accommodate Bitcoin, Ethereum, Litecoin, and other cryptocurrencies, have since added XLM as a payment choice.