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Can I mine Stellar Lumens and if not, how are new coins created?

avatarRitwik JoardarNov 29, 2021 · 3 years ago1 answers

Is it possible to mine Stellar Lumens? If not, how are new coins created?

Can I mine Stellar Lumens and if not, how are new coins created?
Stellar Lumens
Mining
New Coins Creation

1 answers

  • avatarNov 29, 2021 · 3 years ago
    No, mining is not possible for Stellar Lumens. The creation of new coins in the Stellar network is done through a process called inflation. This process adds a small amount of new coins to the network on a weekly basis. The new coins are distributed to Stellar account holders based on their account balances. So, if you want to get Stellar Lumens, you can buy them on exchanges or participate in the inflation program.

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