Review on Stellar by gregori cordova
a successful and very well accomplished project to unify the international financial system.
stellar is a decentralized platform, with the main objective of unifying all the financial systems of the world in one place. This platform has a very promising future in the global currency exchange market due to the fact that its transaction fees are really low. With stellar, not only people can participate but it is also open for financial institutions to participate in it, which makes it an even more tentative platform. It has its own cryptocurrency as is common in this type of platform, called lumens (XLM) which is among the 10 best projects in the current market.
It is an ideal system for making micropayments, or for remittances, centered on an open source technology. stellar comes to be a project of so many that aims to emulate bitcoin, but offering much more advanced features in a world that is increasingly digitized. It was created by experts in the area and one of them was even the creator of the first bitcoin exchange and creator of ripple, known as jed maccaleb.
overall Stellar is a fully decentralized P2P exchange system that can be integrated with many financial systems to offer international payments at a very low cost.
Pros
- its the most powerful platform for open source international payments on the market.
- offers very low cost transactions.
- Financial institutions are also welcome in stellar which makes it have a very large backing of investors
- its transaction security system is really powerful and is constantly updated
- It has had a great growth and confidence and is positioned among the 10 best projects today.
- the confirmation time of their transactions is almost instantaneous.
- Its platform is really very nice and comfortable, and it is available in multiple languages.
Cons
- This cryptocurrency cannot be mined, since they are all found on the network
