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Review on Stellar by Felix Bauer
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 also offers real-time transaction processing in two to five seconds. All transactions are encrypted. The network also features automatic exchange of currency, regulatory compliance, payment moves similar to email, once integrated is able to reach the world.
Cons
- The foundation is going to donate about 95% of the coins to individuals, organizations etc. What this really means is that there is no transparent/fair distribution of their currency. Contrast that to bitcoin - anyone can earn bitcoins through mining, which is a fair process of distribution.
