Stellar is typically a payment network designed to provide a decentralized protocol for transfers of both digital and flat currencies alike.
Background of Stellar
Features of Stellar
Jeb McCaleb is the co-founder of Ripple, a popular cryptocurrency. Joyce Kim was his former lawyer where they launched the network after using alpha testers in their so-called “Special Bitcoin Project”. The network was launched with stellar, its native currency where it had 100 billion stellars then. Later, it would grow very rapidly where it breached 3 million registered users by 2015.
Stellar has a very unique positioning. This has brought about a lot of attention including Deloitte who announced in 2016 that it would build a cross-border payments application with Stellar. Later on, it would expand into countries like India, Africa and the Philippines, among others.
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