Stellar is a platform that connects banks, payment systems, and people. Integrate to move money quickly, reliably, and at almost no cost. Stellar is an open-source protocol for value exchange.
The Stellar protocol is supported by a nonprofit, the Stellar Development. Stellar is an open-source protocol for exchanging money.
Stellar is becoming a go to platform for smart contracts. Stellar Smart Contracts (SSC) are not turing complete and produce better and auditable code which in turn leads to lesser security risks.
One of the awesome features of SSC is the negligible transaction fee of almost .00001 XLM and that there is no gas fee for transactions. Meaning a median confirmation time of 5 seconds.
Stellar Core is the backbone of the network, which validates and agrees on every transaction status through SCP (stellar consensus protocol).
Horizon:Stellar Blockchain Tools:
Horizon is a client facing API server, which allows to check accounts, submit transactions and subscribes to events. Applications based on the Stellar interact with the network through Horizon.
A Federation protocol server is designed to be dropped into the existing infrastructure. It can be configured to take out the data it needs from the existing SQL database.
Bridge server gives a simple interface for the stellar network, which simplifies the compliance operations and other complicated integrations.
Uses of Stellar Development:
Stellar can be used to set up something like Beerpay for getting micropayments from your audience or users.
XLM can be used to exchange currencies and set up trades owing to the low transaction fees in the network; it can power 600,000 transactions for .01 USD in fees.
Start a Cyber piggy bank service with SSC which can be programmed to payout after reaching a ceiling amount.
Compete with industry giants like Google’s Tez using Stellar, it enables fast transactions from user to user and can be integrated with telecos, banks etc.
How it Works?:
Once you have your breakthrough, our team of experts will brainstorm with you to help you get the most out of your blockchain project idea. You bring the business concept and we will help you shape it and crystallise the end solution for your customers, both from a business, as well as a tech point of view.
We take care of the technology from start to finish – Till it’s up and running and live on the nodes and servers. Tech is the binding agent that brings it all together, and we make sure it stays that way. Your customers, your product – tied up neatly with an intuitive User Interface for your customers as well as the entire ecosystem.
Done by Experts, we take care that all the sparkling code is well documented and delivered to you in your preferred way. With a little patience and persistence, you are on your way to riding the greatest tech wave of our timeshttps://smallbizbonfire.com/profiles/blogs/stellar-blockchain-development and cashing in on what are possibly the most dramatic shifts in technology since the internet itself.
Benefits of Stellar Development:
Extensive Market Reach
Cost Effective Operations