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Review on Stellar by Kathrin Cole
Stellar is an open source, blockchain-based protocol that can connect to banksโฆ
Stellar is an open source, blockchain-based protocol that can connect to banks, payment systems, and people, with the goal of delivering fast, reliable, and extremely low cost.
As such, we can send and receive transnational currency, in currency pairs with faster time and lower costs, than traditional services thanks to the intelligent application of Stellar's blockchain technology.
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Pros
- Stellar is a quasi-decentralized platform (I say this because it isn't as decentralized as, say, bitcoin....but I also view that as a positive because look at what the miners have done to bitcoin. a bazillion forks, refusal to upgrade the core because it will be less profitable for them, etc) that can be used peer-to-peer to send micropayments and develop dapps. It takes banks out of the equation. Think of it as a peer-to-peer ripple + an infinitely more scalable ethereum.
Cons
- you need to have at least 20 Lumens to keep your account active. It's not completely free like DAG coins can be (Raiblocks, IOTA). But it's so cheap that is barely an issue. So you follow Stellar since August 2014 and still think it has a very limited use case? 4 years is too long and you should be familiar with the project already...
