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Review on Stellar by Daniela Theiss
Stellar is an open source, blockchain-based protocol that can connect to banks…
Stellar is an open source, blockchain-based protocol that can connect to banks, payment systems, and people, with the goal of delivering fast, reliable, and extremely low cost.
As such, we can send and receive transnational currency, in currency pairs with faster time and lower costs, than traditional services thanks to the intelligent application of Stellar's blockchain technology.
Pros
- Send and receive money across borders, in short and low cost currency pairs. Providing micropayment services makes it easy for customers to pay for small, low value items without having to worry about high fees.
Cons
- The biggest problem I see is that the currency can't be mined, thus giving no real incentive for anyone to form a node on the Stellar network. Hence, I feel that Stellar will become a network of a few gateways, leading to low adoption and low trust in the network.
