Tutorial:- Introduction to Stellar

What is Stellar?

Stellar is an open-source, decentralized protocol for digital currency to fiat currency transfers which allows cross-border transactions between any currencies. It aims to facilitate fast, low-cost, and secure transactions.

Key Features of Stellar:
  • Transactions: Stellar can handle thousands of transactions per second with a confirmation time of 3-5 seconds.
  • Low Fees: Stellar's transaction fees are very low, making it cost-effective for users.
  • Decentralized: Stellar operates on a decentralized network, ensuring security and reliability.
  • Interoperability: Stellar supports a wide range of assets and currencies, facilitating seamless cross-border payments.
Use Cases:
  • Remittances: Sending money across borders quickly and at low cost.
  • Tokenization: Creating digital representations of real-world assets.
  • Micropayments: Facilitating small, frequent transactions economically.
Reference
  • All the documentation in this page is made with the help of OpenAI's ChatGPT