Review on Stellar by Robiul Islam

Name: Stellar
Item: Stellar
Rating: 3

June 16, 2019

Move Money Across Borders Quickly, Reliably, And For Fractions Of A Penny.

It has working technology backed by top class partnerships and an experienced team. It's mission to focus on helping smaller countries that get the short end of international transfers, namely countries in the Pacific Islands, appears to be a worthy endeavour that brings real-world solutions to those in need. Although XLM shares many similarities with Ripple, it has enough significant points of difference to fill a particular niche in the market without losing to its competitor.  

It is a unique technology that provides the ability to instantly exchange crypto assets and avoid losing money on commissions. Many corporations all over the world are already using Stellar technology, and are actively investing in the development of the project.

The probability for practical application of this cryptocurrency are constantly expanding. It will be integrated into the organization of the African messenger Vumi, to allow payments in some countries of the continent.

Probably, with every new main investor and every contract, the demand for XLM will grow. Consequently, the price of the coin will rise, as well.
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Updated 6 years ago

Rating has not been changed

Launched the StellarX mobile wallet for Android!  Users will have access to wallet account balances including the ability send/receive any token on the network!
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Stellar released Go SDK v.1.3.0 for the Stellar network. 
Changes include:
Increased flexibility when signing and building transactions
.
Ability to export Transaction Envelopes before signing.
Recently Stellar listed new 1:1 fiat backed XLM tokens offered by tokenio with the support of stkirsch.
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Updated 5 years ago

Rating changed from 4 to 3

50B XLMs burned were supposed to be distributed to the community. They only burned 5B of their own 17B XLMs. This means SDF increased their percent of total coins from 16%  to 24%. And they did this without any community discussions.
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Ignoring people like me who are fiery red but I start to feel that these prices will start to shake even at people buying at 0.015. I know there are some people on this platform who got in very early, I was not one of them. I'll keep what I have because it doesn't make any sense to sell it to me.
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Pros

Decentralised, Low fees, High Speeds, International, Works with the banking industry.
Send money anywhere in the world quicker, easier and for a fraction of a cent.
It promotes a vision creating banking access to the previously unbanked and for the XLM services to provide more from the bottom up rather than the top down.
It is a non-for-profit organisation that relies on the funds raised from its ICO and donations.
It receives World-class expert support from the founders of WordPress, Angellist, and the CEO of Irish online payment platform Stripe.
Stellar will allow mobile money platforms to be interoperable so customers and send to money to recipients with different providers.
It cuts costs so you can bank new customers. Reach the base of the pyramid with low-cost accounts, loans, and microsavings.

Cons

High Competition.
Minimum Limit for Having Access.
Although the network is decentralised, anchors are centralised entities that clients will need to trust to use the network.