Review on Stellar by Inioluwa Okedeji
Stellar: A Non-profitable Project With The Aim Of Bridging Financial Institutions Together In A Single Network.
Stellar is an open source cryptocurrency project that makes it possible to send, create and transact digital currencies in all its forms. The stellar project was built and designed to bridge the financial systems and institutions in the world together into a single network.
Stellar project represents a means by which financial systems globally can work together to make financial operations more reliable and also serve as a connection between people and their financial institutions through the platform's digital currency, Lumen (XLM).
Transactions and operations on the stellar platform are fast and reliable with almost no transaction fees whatsoever that might in one way or another complicate transactions on the platform. The stellar platform also converts any digital assets into fiats and vice versa.
The project is a non-profitable one which means that the stellar project was completely developed to help people overcome and ease people of issues they might be facing financially, and not about making profits for themselves. I believe this in itself will garner the public's attention although there's bound to be competition because they're not the only non-profitable organization out there with the same aim and agenda.
Pros
- Stellar is an open source cryptocurrency project that is controlled in directed by the people and not a single authority.
- It is a non-profitable platform with the aim of bringing all financial systems into a single network.
- It is a decentralized project with fast transaction time and no transactions fees.
- Easy conversion of fiats into digital assets and swapping of tokens to derive more liquidity and flexibility.
- The platform's API provides maximum security for the project and ensures that users have an hitch free experience in using the platform.
Cons
- There's high competition in the market for almost all projects and the fact that this is a non-profitable project might be an advantage but it doesn't exempt it from competitions.
