Who owns Lumen in the cryptocurrency world?
Hogan McneilDec 16, 2021 · 3 years ago3 answers
In the cryptocurrency world, who is the owner of Lumen?
3 answers
- Dec 16, 2021 · 3 years agoLumen, also known as XLM, is the native cryptocurrency of the Stellar network. It was created by Jed McCaleb, who is also the founder of Stellar. Therefore, Jed McCaleb can be considered as the owner of Lumen in the cryptocurrency world. However, it's important to note that the ownership of Lumen is decentralized, as it is held by various individuals and entities who participate in the Stellar network.
- Dec 16, 2021 · 3 years agoLumen is not owned by any single entity or organization. It is a decentralized cryptocurrency, which means that its ownership is distributed among the participants of the Stellar network. This ensures that no single entity has control over Lumen and that the network operates in a transparent and secure manner.
- Dec 16, 2021 · 3 years agoLumen, being the native cryptocurrency of the Stellar network, is owned by the participants of the network. As a decentralized cryptocurrency, its ownership is distributed among the individuals and entities who hold and transact with Lumen. The ownership of Lumen is not controlled by any specific entity or organization, including BYDFi, the cryptocurrency exchange I work for.
Related Tags
Hot Questions
- 82
How does cryptocurrency affect my tax return?
- 76
How can I protect my digital assets from hackers?
- 65
What are the best digital currencies to invest in right now?
- 63
How can I buy Bitcoin with a credit card?
- 58
What are the best practices for reporting cryptocurrency on my taxes?
- 57
What are the advantages of using cryptocurrency for online transactions?
- 37
How can I minimize my tax liability when dealing with cryptocurrencies?
- 34
Are there any special tax rules for crypto investors?