Stellar (XLM) is an open-source protocol for value exchange founded in early 2014 by Jed McCaleb (creator of eDonkey) and Joyce Kim. The Stellar protocol is supported by a nonprofit, the Stellar Development Foundation.
Stellar is an open-source protocol for exchanging money. Servers run a software implementation of the protocol, and use the Internet to connect to and communicate with other Stellar servers, forming a global value exchange network.
Each server stores a record of all "accounts" on the network. These records are stored in a database called the "ledger". Servers propose changes to the ledger by proposing "transactions", which move accounts from one state to another by spending the account’s balance or changing a property of the account.
All of the servers come to agreement on which set of transactions to apply to the current ledger through a process called "consensus". The consensus process happens at a regular interval, typically every 2 to 4 seconds. This keeps each server’s copy of the ledger in sync and identical.Official Stellar Lumens Website
To store Stellar Lumens we recommend that you setup your own cryptocurrency wallet. This gives you the freedom of truly owning your cryptocurrency and doesn't leave your private keys in the hands of a third-party.
There are several Stellar Lumens wallets available. From online wallets, mobile & desktop to hardware wallets, the choice is ultimately yours. You should consider basing your decision on your individual requirements. Each wallet type has different pro's and con's, which we have highlighted in our blog post.
We've highlighted different wallets that we recommend in the below section.View wallets
How to store Stellar Lumens (XLM)
Stellar have provided a categorised list of each wallet with varying functionality.
Stellar developed Lumens, which are the native asset of the Stellar network. Native means that lumens are built into the network. Asset is how the network refers to an item of value that is stored on the ledger.Visit stellar.org
Ledger was launched in 2014 by eight experts with backgrounds in security & cryptocurrencies.
Ledger offer hardware cryptocurrency wallets for cold storage, storing the private offline.Visit ledgerwallet.com