Stellar
What is Stellar?
Stellar is a decentralized blockchain platform designed to facilitate cross-border payments and enable financial inclusion for individuals and institutions. It was co-founded by Jed McCaleb and Joyce Kim in 2014 with the goal of making financial transactions more accessible and affordable.
Key Features:
- Decentralized Payment Network
- Federated Byzantine Agreement (FBA) Consensus
- Native Asset: Lumens (XLM)
- Fast and Low-Cost Transactions
- Focus on Remittances and Cross-Border Transactions
Use Cases:
Stellar is used for creating a global network that connects financial institutions, payment systems, and individuals, making it easier to send and receive money across borders and currencies.