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Review on Stellar by David Martel
In its form, Stellar seems a cleaner project than Ripple. The concept seems…
In its form, Stellar seems a cleaner project than Ripple. The concept seems the same to me, although its technology is different and the truth is that the approach is totally opposite. Being a means of payment, we would be talking about a protocol, not a cryptocurrency. Its secure platform that can help a lot to the evolution of the Blockchain technology. As long as they do not deviate from their course it is a project that promises a lot.
Pros
- The Stellar platform is primarily a tool for making normal currency transfers, but it also has its own cryptocurrency, Lumens. Stellar has value in itself, but unlike Bitcoin, it is not designed to be used as a means of payment. Rather it is designed to be an intermediary.
Cons
- The Stellar network is open source and is available for everyone to use, but it is true that users will need Lumen to pay commissions for transactions and to open accounts within the network.
