Limitations of Stellar
- Scalability: Although Stellar has made progress in improving its scalability, it is still limited by the capacity of its network. This means that during periods of high demand, the network may experience slower performance, making it less suitable for large-scale transactions.
- Adoption: Stellar is still in the early stages of adoption, and its network is not as large or well-established as other blockchain platforms. This means that its user base and ecosystem are not as mature, and there may be limited use cases for the platform at present.
- Liquidity: While the use of Lumens (XLM) as a bridge between different currencies makes it possible to convert between different currencies in real-time, the liquidity of the platform may still be limited in certain regions or for certain currencies. This may make it more difficult to convert between certain currencies on the network, particularly during periods of high demand.
What is Stellar Blockchain?
Stellar is a decentralized, open-source platform that enables fast, secure, and low-cost cross-border transactions. The Stellar network was founded in 2014 by Jed McCaleb and Joyce Kim, and its mission is to promote financial access and inclusion by enabling individuals and organizations to move money across borders quickly and cheaply.
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