1 Level
5 Review
1 Karma
Review on Stellar by Quynh Hoa
In the Stellar network, the Anchor concept exists. This anchor is a bridge of…
In the Stellar network, the Anchor concept exists. This anchor is a bridge of currency to the Stellar network. When you first use it, you need to deposit your money into the anchor. Anchor will have a role to keep and secure your money. You can withdraw and receive real money in multiple pairs with Stellar thanks to the Stellar distribution platform. At this point, Stellar will automatically switch between currencies for the lowest possible fee. When you receive the deposit, you can withdraw through an anchor in the money unit you wish to withdraw. I think it's ok
Pros
- Stellar has the backing of payment processor Stripe and has made important partnerships across industries.
Cons
- nitially, Stellar’s code was similar enough to Ripple that it functioned in much the same way. Stellar made a number of changes to the way consensus is reached, and this caused a minor fork in the Stellar blockchain in December of 2014.
