![]() ![]() ![]() The Stellar Ledger also stores every account’s balance and operation, and all of them are broadcasted to the entire network within the span of five seconds. The native cryptocurrency token, lumens, is used as a means of payment for the transaction fees which occur on top of the network but can also work as the intermediate currency that lets Stellar users execute trades quickly.įurthermore, Stellar has a ledger that it uses as a means of tracking the ownership of all of the accounts as well as for cryptocurrencies on the network, and it maintains the ledger and even processes the transactions with its own unique algorithm, known as the Stellar Consensus Protocol. However, such as the case with other decentralized platforms and exchanges that utilize the technology, Stellar is spread across a multitude of servers, and this essentially means that the activity that is carried out on the network is not monitored by a single authority or source. This blockchain was originally created in 2014, but its network launched in 2015 with the goal of bridging the world’s financial system through one network. Stellar is a decentralized network where users are given the opportunity to create, send, and even share different types of cryptocurrencies. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |