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14/12/2023

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What is Stella?

Stellar (XLM) is an open-source payment technology that aims to connect all the financial institutions in one single system and reduce the cost and time required for cross-border transfers. Stellar shares a similarity with Ripple (XRP) infrastructure and vision.


Essential details:

        • Stella was launched in 2014 by Jed McCaleb, one of the co-founders of Ripple.
        • The transactions of Stellar are processed in 3-5 seconds. limit of thousands transactions per second.
        • Unlike Ripple, Stellar aims to bring open finance to the unbanked.

         

        Why invest in Stella?

        • Effective Payment

        Stellar provides faster transactions and lower fee for transferring all forms of money.

        • Strong Ecosystem

        Over 60 projects in the stellar ecosystem and several government choices for CBDC.

        • Fast, Transparent, Smooth

        With Stellar Consensus Protocol (SCP), which allows network participants to reach consensus via voting, rather than by mining.


        Whitepaper: https://www.stellar.org/papers/stellar-consensus-protocol

        Website: https://www.stellar.org/