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Stellar

Stellar

Overview

What is Stellar?

The Stellar Open Source Blockchain is a decentralized blockchain network that aims to empower builders and unlock human and economic potential. According to the Stellar Development Foundation, this solution provides a global ecosystem of innovators and offers opportunities for companies of all sizes,...

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Product Details

What is Stellar?

The Stellar Open Source Blockchain is a decentralized blockchain network that aims to empower builders and unlock human and economic potential. According to the Stellar Development Foundation, this solution provides a global ecosystem of innovators and offers opportunities for companies of all sizes, from large enterprises to single-dev startups. Professionals and industries such as financial services, fintech, remittance services, payment processors, and non-profit organizations can benefit from the features offered by the Stellar Open Source Blockchain.

Key Features

Cross-Border Payments: According to the vendor, the Stellar Open Source Blockchain enables global scalability and expansion to new geographies with 24/7/365 settlement. It offers versatile payment solutions for remittances, payroll, invoicing, and more, with low transaction costs and fast settlement times.

On/Off Ramps: Users can connect to a global network of on and off-ramps with simplified integration using one set of interoperable standards. The vendor claims access to over 300,000 global cash to crypto on and off-ramp locations, along with new payment and onboarding services for users worldwide.

Asset Tokenization: The Stellar Open Source Blockchain allows users to create, issue, and manage digital representations of real-world assets. The vendor states that value from CBDCs, stablecoins, securities, and more can be tokenized, utilizing built-in customizable features and compliance tools. It also supports various asset types on the Stellar network.

Aid Assist: According to the vendor, the Stellar Open Source Blockchain enables fast and low-cost distribution of aid and grants. Leveraging the power of the Stellar network and its ecosystem, this feature allows for quick deployment and scalability to meet crisis situations, ensuring direct delivery of funds to those in need.

Smart Contracts: Users can utilize self-executing programs that run on the blockchain network, providing automation and trust in transactions. The vendor claims that this feature enhances security and reduces the need for intermediaries, while enabling the creation of decentralized applications (dApps).

Decentralized Exchange (DEX): The Stellar Open Source Blockchain facilitates peer-to-peer trading of digital assets without reliance on a centralized exchange. According to the vendor, this feature offers increased liquidity and transparency, as well as lower fees and faster settlement times.

Stellar Consensus Protocol (SCP): The Stellar Open Source Blockchain utilizes a unique consensus mechanism that the vendor claims is faster, cheaper, and more energy-efficient than most chains. This protocol enables rapid payments and low-cost transactions while maintaining the security and integrity of the blockchain network.

Stellar Technical Details

Operating SystemsUnspecified
Mobile ApplicationNo
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