Why connect a Wallet?
We don't do Cookies. If you connect a wallet you can save your settings and watchlist. Even if you use a different browser / device. More features for logged in Users soon(TM)! Maybe even Airdrop!???
Donate to blockchaincenter.net
You like our work? That's awesome!
We will keep the site free from ads, popups, signup forms, cookies...
If you got value out of our work we are grateful for a crypto donation.
Stellar is an open-source decentralized platform that aims to simplify and streamline cross-border payments and asset transfers moreStellar is an open-source decentralized platform that aims to simplify and streamline cross-border payments and asset transfers. Among the potential benefits of Stellar are:
1. Reduced transaction costs: Stellar's network enables the transfer of value across borders at low fees (usually fractions of a penny), making it an affordable alternative to traditional payment systems.
2. Faster transaction processing: Stellar can process thousands of transactions per second, which is significantly faster than traditional blockchain systems such as Bitcoin and Ethereum.
3. Enhanced financial inclusion: Stellar's network can act as a bridge between different fiat currencies or other assets, allowing people to access financial services they might not otherwise have been able to.
4. Increased transparency: Stellar enables transparent tracking of transactions and ensures the integrity of the ledger through consensus mechanisms.
The XLM token is the native digital currency of the Stellar network, and it serves several purposes, such as:
1. Anti-spam protection: To prevent malicious actors from flooding the network with fake transactions, XLM serves as an anti-spam measure.
2. Payment method: XLM can be used to pay for transaction fees, which also contributes to its anti-spam function.
3. Facilitating asset transfers: XLM acts as a bridge currency in asset transfers and currency conversions, allowing users to switch between different assets without the need for a third party.
- "Benefits of Stellar Lumens (XLM)" by Cryptimi
- "Stellar Lumens: A Brief Overview" by Investopedia
- Stellar.org official website. (AI generated summary)
Cross-border payment (replace Swift)
Minimal transaction time and cost (3 - 5 seconds; 0.00001 XLM)
Scalability (~ 1000 transactions per second)
Open source and community owned
Lumens that were accidentally sent can be freed, so they cannot be spent, only sent back
Decentralized control (no central authority)
Low latency (-> minimal transaction times)
Flexible trust (each node can decide which node is trustworthy)
Consensus is reached according to Stellar consensus protocol (SCP), a special form of FBA (Federated Byzantine agreement).
Transaction is initially confirmed by few trusted nodes, which in turn are further confirmed by other nodes important to them.
A transaction is considered confirmed when the vast majority of nodes consider the transaction to be confirmed.
Asymptotic security (51 percent of attacks are made more difficult)
Disclaimer: Der Handel mit Kryptowährungen birgt ein hohes Risiko und kann bis zum Totalverlust des eingesetzten Kapitals führen. Keine der hier aufgeführten Informationen sind als Anlageberatatung zu verstehen. Alle genannten Kurse sind ohne Gewähr. Bitte beachten Sie dazu auch den den Haftungsausschluss im Impressum. Mit markierte Links sind 'Affiliate-Links', die uns dabei helfen diese Inhalte kostenfrei und ohne Werbebanner anbieten zu können.