What is Stellar Blockchain?
Stellar is a decentralized, open-source platform that enables fast, secure, and low-cost cross-border transactions. It is a distributed ledger technology (DLT) that operates on a network of independent nodes and is designed to facilitate the exchange of money and assets across borders.
- The Stellar network uses its own cryptocurrency, called Lumens (XLM), as a bridge between different currencies, allowing users to convert between different currencies in real-time.
- Stellar’s key features include fast transactions, low costs, cross-currency conversions, anchors, smart contracts, and scalability, making it a popular solution for individuals and organizations that need to move money across borders.
- The goal of Stellar is to promote financial access and inclusion by enabling people to move money quickly and cheaply, regardless of their location or currency.
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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