Stellar Lumens (XLM)
What is a Stellar?
Stellar is a platform for financial instruments, with a self-service architecture, which makes it easy to issue Digital assets, connect them to real-world assets and share them using the built-in order books. In other words, Stellar is both a multicurrency transaction system designed specifically for international payments and a decentralized global market. Financial institutions, as well as individuals, can use Stellar to settle transactions and move money around the world.
How it works?
Stellar is a blockchain, but it does not use anonymous miners to solve your transactions. Computers on the network are more likely to interact than compete. This means real advantages in speed, cost and energy efficiency compared to other systems such as Bitcoin. It also means that real assets at Stellar are protected from the uncertainty caused by forks.
What does she seek to solve?
Reliable money is something that many take for granted, but in many places the local currency is undefined, and you cannot count on banks or the government. Stellar is a financial system that is independent of the central authority and is certainly cheaper and safer than existing gray market alternatives. It connects people with local cash that they can use - pesos, dollars, euros and so on. But it also gives them all the benefits of a digital economy: mobility, security and freedom from capture.
With Stellar, you can:
Keep stable currencies, such as dollars or euros, wherever you live. Send money anywhere in the world for free. Convert any currency into daily cash within the network. The Stellar protocol underlying Stellar is open source, open source, and the software and community are supported by the non-profit organization Stellar Development Foundation. Together, SDF and Stellar seek to unlock global economic potential by making money more fluid, markets more open, and people more empowered.
What are the features of stallar?
Thanks to its unique consensus protocol, built-in order books and links to its existing financial infrastructure, Stellar offers: - Fast transaction speed - Cheap fees - Easy on and off ramps on the network - Universal asset exchange and conversion - Stellar’s ​​international coverage in a single integration has been designed with real assets and regulatory compliance, and it allows you to simply perform actions at the protocol level, including the release of resources requiring authorization, setting up accounting records A multi-signature system and time-creating locks. Currently, this is the only decentralized system that allows people to switch from digital tokens to money in the bank without leaving the network.