In 2013 Ripple team opened its source code. The level of indignation decreased. Yet, a part of the developers insisted on a fork. It was necessary to solve other problems with the platform. So, the result of these actions is the appearance of Stellar.<\/p>\n
In the beginning, the project used an old Ripple protocol. Since 2015 it has been working on a separate Stellar protocol. Since that time, the popularity of the project has been increasing.<\/p>\n
Key characteristics<\/h2>\n
If you look carefully at the currency, you may find some important characteristics. These features make the currency attractive for investors:<\/p>\n
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- The confirmation usually takes 3-5 seconds;<\/li>\n
- It supports 1000 transactions per second;<\/li>\n
- It can be used for sending or exchanging any currency, active or tokens;<\/li>\n
- An open-source code;<\/li>\n
- The usage of SCP instead of Proof of Work;<\/li>\n
- Simple and clear API;<\/li>\n
- Multilevel and smart contracts;<\/li>\n
- Decentralized distributed database;<\/li>\n
- 100B XLM created;<\/li>\n
- The inflation of 1% a year.<\/li>\n<\/ul>\n
The network Stellar doesn\u2019t use intellectual processing. It means that all the tokens are available at the start of the system. The majority belongs to Stellar.org. It spreads the tokens in the following way. 50B XLM is for small companies and clients. 25B XLM is for non-commercial organizations and other enterprises. 20B XLM belongs to BTC and XRP holders. 50B XLM is saved in Stellar.org for operations.<\/p>\n
Technical realization and peculiarities<\/h2>\n
The majority of applications cooperate with Lumens through API Horizon. It provides a simple way of transactions. It gives the chance to check the balance and subscriptions easily. The basis of the cryptocurrency is connected with HTTP. So, you can work with the Horizon through the web-browser. You can use a command line, using your favourite programming language.<\/p>\n
XLM support JavaScript and Java to set the connection with Horizon. It also has a range of SDK for different programming languages. Every Horizon server connects to the web line Stellar Core. This software checks and submits every transaction through Stellar Consensus protocol<\/a>. The network itself has many connected Stellar Cores. They are being run by organizations and users from all over the world. Some of them are available for cooperation, and some are just for network support. The distributed technology makes the network stable and safe.<\/p>\n
Stellar Pros and Cons<\/h2>\n
As a result of changes, XLM has the following advantages:<\/p>\n
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- Equal rights for all the users of the system;<\/li>\n
- Fast transactions (up to 1000 per second);<\/li>\n
- An open-source code, maximal decentralization;<\/li>\n
- Safety, that is achieved by encoding and using autonomous units;<\/li>\n
- Integration support with other projects and financial systems.<\/li>\n<\/ul>\n
As for inconveniences, one can notice that the level of smallest transactions is limited by 0,5 XLM. One must have this sum on his account. Due to the fact, that the price of the token is small, it is not a serious problem for users. It doesn\u2019t scare potential clients from using it.<\/p>\n
Stellar Wallet information<\/h2>\n
![\"Stellar](\"https:\/\/monkeycoder.work\/XLM\/wp-content\/uploads\/2021\/05\/img8.jpg\")
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