Stellar is a decentralized protocol which provides users with the ability to send money anywhere around the globe instantaneously and with negligible costs.

So, what exactly is Stellar?


Furthermore, it is a non-profit organization, its main aim being the expansion of financial access to everyone, especially individuals in parts of the globe who do not enjoy the benefits of basic financial institutions such as banks.

Stellar was developed in 2014 as the idea of Jed McCaleb, one of the co-founders of Ripple, working together with Joyce Kim.

Since McCaleb had irreconcilable differences with the Ripple board, Stellar has several key alterations compared to it.

Stellar intends to assist in transactions between people, while Ripple seeks to do so for banks. Also, stellar has more of a bottom-up approach while Ripple has a top-down approach.

The currency used by the network is Stellar Lumens (XLM), 100 billion of which were created at launch. As an original resolution, Stellar used Facebook for the…

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