Review on Stellar Desktop by jesus ruiz
Stellar Wallet, wallet with fast, secure and low-fee transactions
Stellar Desktop is an open source and decentralized network, which allows moving and storing different cryptocurrencies. It was launched in July 2014, and its main goal was to boost financial inclusion for many users who did not belong to any banking or blockchain network in the world.
Stellar owns its own cryptocurrency, Lumens, This token makes it cheap to trade cryptocurrencies. All this with the aim of competing with existing payment providers.
In my opinion, Stellar has value in its own right, but unlike Bitcoin, it is not designed to be used as a means of payment. Rather, it is designed to be an intermediary of last resort for currency conversion.
The Stellar Desktop token is a non-minable cryptocurrency, only 100 billion tokens were created.
Fees are a problem for many users, these fees have increased on other Blockchain due to congestion, for this reason, each Stellar transaction costs only 0.00001 XLM, one of the lowest fees I have seen, particularly, so far.
Pros
- This Wallet has considerably low transaction costs between cryptocurrencies,
- It allows to buy Bitcoin with dollars saving the high commissions of the most known exchanges.
- Lumens act as a bridge between currencies that do not have a large direct market.
- Stellar platform transactions are much faster than Bitcoin transactions.
Cons
- If you want to invest in cryptocurrencies for the first time, the Stellar Wallet platform is not the most suitable.
