Review on Stellar by Mehdi hazni
stellar
Stellar is a peer-to-peer network that, like Bitcoin, is decentralized. Stellar, like other cryptocurrencies, uses blockchain technology. In this decentralized network, there is no central and decision-making body. All transaction details in stellar are stored on its blockchain as a public ledger, and anyone is able to view this ledger and transaction details. Stellar offers a wide range of services that you would expect from a regular bank, but with a few major differences. These transactions take place in a decentralized network, with much lower cost and higher processing speed than a traditional bank. These payments are processed in 3 to 5 seconds, the exchange of currencies in this system is relatively simple and the network costs are negligible. All of these services come with a different approach to many other cryptocurrency projects.
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Pros
- Transaction approval time is between 3 and 5 seconds
- It is able to manage thousands of transactions per second
Cons
- Has access restrictions for transactions
- Stellar faces stiff competition
