Review on Stellar by The hsotaka
My review of the Stellar project and their Stellar Lumen coin "XLM".
Today i want to share you my experience with Stellar.
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Stellar is one of my favorite coin if i want to send small transactions.
The transaction fee of major coins like BTC or ETH is relativly high, so if you want to transfer small amounts, you will need a cheaper alternative.
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Stellar if perfect for these needs. The transaction speed is nearly instant and there are almost no transaction fees.
The adoption of a coin is also important. If you want to transfer funds between different exchanges, you need to go sure that both exchanges support the coin you want to send. Stellar is listed on nearly every bigger exchange, so you don't have to worry about this point.
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I also like the fact that the foundation still keeps a huge amount of coins for distribution. So everyone can earn/get some coin with projects like "Coinbase Earn" or the through the big Keybase Earndrop. This will increase the adoption of this coin even more and will help to reach the goal of getting the No. 1 currency for digital payments.
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If you are a developer, you will recognize that Stellar comes with many nice features that help devs to implement the stellar network.
There are huge documentations, so you need to search and ask people for hours.
If you use the Stellar Natwork, you can exchange any asset on the network. This makes assets liquid and flexible. You can swap between any pair of tokens issued on the network using simple functions built into the protocol.
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Pros
- Very fast transactions.
- Almost no transaction fees.
- Its a real decentralized crypto currency.
- stellar is a non profit organisation.
- You can convert any asset on the network.
- Stellar has a great documentation and APIs, perfect for developers!
- The entire code of the stellar project is open source.
Cons
- There is a minimum limit for getting access on a wallet.
- You have to trust the network, that the anchors are trustworthy.
