Transactions on Stellar Blockchain
Below are the three notable transactions on the stellar blockchain:
- Indirect transactions: Stellar lumens can facilitate indirect transactions and the exchange finds individuals who want a specific currency in return for Lumens.
- Peer-to-Peer transactions: Peer-to-Peer transactions follow the order book model and involve the distributed exchange finding the right buyer/ seller pair.
- Indirect chain conversion: Indirect chain conversion works when the other types of transactions fail. They start by exchanging USD for another currency which is then converted into other currencies before converting it into Euros.
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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