No, Stellar cannot be mined like Bitcoin or other Proof-of-Work cryptocurrencies. Instead, Stellar uses the Stellar Consensus Protocol (SCP), which relies on a network of trusted validator nodes to confirm transactions.
Since there’s no mining, Stellar transactions are much faster, cheaper, and more energy-efficient than Bitcoin. This makes Stellar a greener alternative to traditional blockchain networks, which could increase adoption and impact the XLM price.