Cryptocurrency Q&A
Who controls XLM?
Who controls XLM?
CryptoNinja
Thu Dec 05 2024
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6 answers
1043
I'm curious to know who has the authority or control over XLM. Is it a centralized entity, a group of individuals, or is it decentralized? Who makes the decisions regarding XLM?
6 answers
benjamin_cole_nurse
Sat Dec 07 2024
Despite operating a decentralized network, Stellar doesn't boast a vast number of validators.
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Raffaele
Sat Dec 07 2024
The Stellar Development Foundation possesses approximately 60% of the total XLM supply.
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Martina
Sat Dec 07 2024
This substantial holding grants the foundation considerable influence over the cryptocurrency.
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CryptoPioneer
Sat Dec 07 2024
The foundation's control extends to the value of XLM in the market.
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Lucia
Fri Dec 06 2024
The decentralized nature of Stellar relies on nodes that process transactions.
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