What is Stellar? Does Stellar Make a Good Choice for Crypto Investment?
The term stellar is given to those cryptocurrencies that are created by a Crypto foundation called the Stellar Crypto Foundation (SDF), the native token of its own foundation is known as Lumen, and it is given a symbol of XLM to be traded.
Now Lumens are the cryptocurrency that is available on several crypto exchanges, also lumens are used by the traders on the Stellar networks which is a decentralized blockchain, Why Lumens have been a new hotspot of talking among the crypto investors is the new thing to be known! If you are interested in bitcoin trading you must understand bitcoin nodes .
Let’s dive in straight to have our share of information, so that we can be better navigating the process throughout our journey!
What is Stellar?
Stellar is the cryptocurrency protocol of SDF which runs on a decentralized protocol with an open-source code transfer mechanism, it is also used as an interconvertible digital asset that can get converted to fiat currency if needed.
Also, the blockchain of stellar has its own native cryptocurrency called as Lumen, which has a symbol of XLM, now Stellar is a type of altcoin which comes under the top performing tokens of the crypto trading world.
It can also be seen that there is a total 22.5 billion Stellar’s cryptocurrency which are in regular circulation, but only 50 billion of them under the supply radar.
Stellar was first developed by the SDF a non-profit institution which was founded by Jed McCaleb, this project was highly famous at its initial level and had received initial project funding from many start-ups like Stripe and overall donations from big companies like Google, BlackRock, etc.,
What are the Features of Stellar?
Stellar has promised the bridge the gap between the developers and other technologies through empowering a layer 2 prototype technology, now what are the other features that holds a promise of better economy with stellar are below:
- Easy-to-use tools
- Simplify content and Documentation
- Collaboration with different ecosystem
- Securitized asset platforms on Stellar
What is the roadmap of Stellar Crypto?
Stellar has proceeded forward with the notion of creating a stable economy, growing customized transaction volumes and its digital community, for this it has given a roadmap to work further:
It talks about working around the foundation of its three strategic pillars that can govern its mechanism of working in a very fruitful manner:
- Supporting the usability of Stellar Network
Under this aim, it will be working to get new stakeholders to increase its scalability and security purpose, also it will be focusing on high-quality validators and delegators that can work efficiently.
- Making stellar that reliable network which people can trust
It has worked on the feedback which it has gained from the developers to strengthen its network needs and transaction growth that will ensure support for the flow from network effects.
- Creating and developing the stellar as a sustainable network for accessing low Cross-border payment.
To curb the problem of server bugs and network failures, as if its network will grow it has aimed to invest in technical horizons and will be improving its network liquidity rate so that it can be available at an ease to convert any asset quickly with low transaction fees.
Stellar is the new era of decentralized protocol that wants to facilitate the modest version of distributed networks to the people who want to have a great scalability and security in the network.