Let's talk about another emerging cryptocurrency called stellar.
And I am NOT a financial advisor. I'm simply sharing this information that I have found by doing some research to determine if stellar is a good investment for anyone.
Now let's get to the brief summary of, What stellar is?
Stellar is a leapfrog technology that connects people payment systems and banks with a focus. On the developing world it lets you facilitate multi currency and asset transactions quickly reliably. And for a fraction of a penny by using a crypto asset called lumens. As a bridge stellar lumens trades under both the X LM and STR ticker.
The stellar lumens team wants to make monetary transactions cheaper quicker and more reliable. Than they are under current systems in addition their protocol would connect people from all over the world by allowing for more efficient cross-border payments.
Lumens are pre mined. So there's no mining involved like Bitcoin or.
The supply of lumen increases at a fixed rate of 1% a year. It has been proven to be able to securely process over 1,000 transactions per second with a billion unique user accounts.
Stellar is based on a consensus algorithm rather than mining. This means transactions confirm in a few seconds.
It is fast real-time settlement with two to three seconds. You can buy stellar lumens at bit tracks pollen peeks and finance. Stellar is a good investment. Stellar is partnering with IBM and click X to develop a blockchain based, cross-border payment solution proven to significantly reduce transaction costs and increase transaction speeds.
Also Deloitte Parkway projects and tempo have started building services on Stellar's network. This cross-border payment solution is already processing live transaction in 12 currency corridors across the Pacific Islands, Australia New Zealand and the United Kingdom. Overall stellar is another coin in the crypto world. That provides similar solutions as other blockchain platforms such as ripple but with some twists.
So please do your own research before jumping in do you have any thoughts on pros and cons of stellar.
