Stellar is a blockchain-based platform that facilitates fast, low-cost cross-border payments and provides a decentralized infrastructure for issuing, transferring, and exchanging digital assets, including its native cryptocurrency called Lumens (XLM). It was created by Jed McCaleb, co-founder of Ripple, and launched in 2014. Stellar aims to provide financial services to the unbanked and underbanked populations around the world, particularly in developing countries, by leveraging blockchain technology to enable secure, fast, and affordable transactions. Stellar uses its consensus algorithm called the Stellar Consensus Protocol (SCP) to achieve distributed consensus and validate transactions on its network. Some key features of Stellar include: Fast and low-cost transactions: Stellar transactions typically settle within a few seconds and are designed to be low-cost, making it suitable for micropayments and remittances. Decentralized network: Stellar operates as a decentralized netw...
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