Initially founded on Ripple's system design, the blockchain used the Proof of Stake as the algorithm. However, in late 2015, a protocol was introduced. It was founded on the work of Dr David Mazieres, a professor at Stanford. This new protocol is decentralized like its predecessor and the block time is between two and five seconds. There is no mining involved. This blockchain enables quicker transactions and offers better connectivity between the countries across the globe.
Advantages of using Stellar
a) low fee:It is good for those who carry out micropayments. One can pay an amount as small as $0.01 and something as big as $600,000.
b) Cross-border payments: It is perfect for those who are living in countries that have unstable government or economies. Its security is of top-notch quality and doesn’t come under any central authority.
c) Liquidity: The users of stellar have access to the in-house payment systems that permits the user to transfer funds of one’s choice irrespective of the currency.
For more information click here http://stellarviewer.org
No comments:
Post a Comment