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6 Review
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Review on Stellar by tahu lonjong
Stellar is a decentralized, hybrid blockchain that is fully open-source. It isβ¦
Stellar is a decentralized, hybrid blockchain that is fully open-source. It is infrastructure that exists to facilitate cross-asset transfers of value, including payments
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Pros
- A single transaction on the Stellar network costs 0.00001 XLM, you could process 100,000 transactions for 1 XLM (Currently $0.22), significantly less than current methods.On the Stellar network transactions are completed in 2-5 seconds, this is even faster than Ripple whose transactions take 5-10 seconds,As Stellar can be used as a bridging currency, it increases liquidity and allows for easier trading with lesser used currencies
Cons
- Cross-border payments, especially when processed through banks are currently very costly.Cross-border payments can currently take anywhere between 3 and 5 days to be settled due to the number of intermediaries often involved in the process.People using lesser-known currencies often struggle with liquidity issues β a lack of buyers and sellers in the market makes it very difficult to easily trade currencies.
