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Review on Stellar by Nauman Khawaja
Stellar is an open-source, distributed payments infrastructure. It is a…
Stellar is an open-source, distributed payments infrastructure. It is a leapfrog technology that connects people, payment systems, and banks with a focus on the developing world. It lets you facilitate multi-currency and asset transactions quickly, reliably, and for a fraction of a penny by using a crypto-asset called Lumens (XLM) as a bridge.
Pros
- If banks replace their traditional means of international currency transfer with Stellar’s household technology, the value of XLM would likely skyrocket in price. There are very significant amounts of money involved in international bank transfers. IBM is already using Stellar Lumens technology for processing cross-border transactions
Cons
- Stellar is a fork of Ripple XRP The Stellar team is relatively smaller The biggest concern for me is that the majority of the coins have not been distributed yet
