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Ibadan
3 Level
97 Review
16 Karma

Review on Stellar by Flourish Titilope (Abesther)

Revainrating 5 out of 5

Stellar- a block chain support center

Stellar Cryptocurrency refers to an advanced virtual or digital foreign currency launched by the Stellar Development Foundation. The organization's foreign currency is called Lumen, and it is traded in the image of XLM in various cryptocurrency exchanges. In the Stellar community, this is a blockchain based mainly on the general distribution accounting community, which connects banks, account structures, and institutions that provide low-cost cross-value transfers (such as invoices). Stellar is an open community for storing and transferring cash. It is possible to create, send and nest virtual representations of all types of cash: U.S. dollars, pesos, bitcoins, etc. It is designed in such a way that all economic structures in the world can work together in a lonely community.



Stellar's API and SDK will help you achieve financial transformation. The connection between the community and foreign funds should provide even small organizations with the energy and influence of global financial institutions. The user can change it. Between tokens, use the simple built-in functions in the Stellar protocol to provide documentation, tools, and support to help you quickly distribute Stellar is a decentralized open source protocol for the regional and international exchange of virtual foreign currencies and legal currencies.



The Stellar Blockchain cryptocurrency is called Lumen, a token that is traded under the XLM image. Stellar is one of the most famous altcoins in the remaining 5 years, with a market value of slightly more than $1 billion. In areas where financial institutions send money and loans to people outside the scope of banking services, Stellar does not tax any individual or institution for public use. Stellar helps in the paid exchange model. Send banknotes in certain currencies, even if they deposit credit in another currency, and the robot community performs currency conversion. Recipients can withdraw foreign currency in the same way through cooperative institutions such as financial institutions. Cross-border exchange and payment machines. By connecting businesses, Stellar aims to drastically reduce transaction fees and delays. As with technologies such as Bitcoin, the main difference lies in the consensus protocol. The current version of Stellar is the final product of the 2014 fork, which created the Stellar Consensus Protocol (SCP), making Stellar an open source machine. According to the agreement, the transaction authentication system is limited to a set of selected real nodes, rather than open to the entire node community.

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Pros
  • High speed
  • Zero transaction fees
  • It is Boundless, powerful and limitless
  • It is also very versatile
Cons
  • No problem