What is Stellar Blockchain?

Stellar is a decentralised, open-source payment network. It makes use of blockchain technology to allow users to move payments fast and cheaply. Lumen fuels the Stellar network and all of its functions. The Stellar blockchain platform shows potential and might pave the way for a worldwide decentralised financial network accessible to everybody.

Stellar guarantees that participants properly record transactions and preserve collective integrity by agreeing on the authenticity or legitimacy of one another’s transactions. Talk with one of our stellar blockchain professionals to learn more about its capabilities in your project.

Why choose Stellar For your Project?

Components of Stellar Blockchain

Stellar is a decentralised network comprised of interconnected nodes. It makes use of container technology to provide enterprise-level network security, scalability, and confidentiality. Consider the basic components of a Stellar network.

Traceable Transactions

Traceable Transactions

Every transaction can be tracked easily and promptly in case of a discrepancy and thus provides a high level of accountability and transparency.

Auditable Contract Codes

Auditable Contract Codes

Stellar Smart Contract's efficiency and auditable codes lead to strengthened security. This is due to the fact that it is not Turing Complete.

Fast Global Transactions

Fast Global Transactions

Users will receive a quick and flawless solution with Stellar and thus transactions can be completed instantly around the globe.

Components of Stellar Blockchain
Stellar Core

Stellar Core

Stellar Core is a blockchain node that works as the network's backbone. It enables validation and agreement on every transaction status.

Faulty Transactions Resolution

Faulty Transactions Resolution

It is possible to reverse disputed transactions and freeze issued assets caused due to business irregularities which lead to financial losses

Public Key Cryptography

Public Key Cryptography

By making use of public-key cryptography, Stellar Blockchain implies that the code is thoroughly tested and well-understood therefore provides high security.

Benefits of Stellar Blockchain

Stellar was built for speed and scale to further financial access and inclusion across borders. See what benefits it offers to make it suitable for developing your blockchain project.

Transaction Efficiency

Transaction Efficiency

Stellar Network employs a consensus system with trustworthy validators that confirm transactions which leads to low transaction cost.

Turbine

Turbine

This is a block propagation mechanism that uses User Datagram Protocol to disseminate transaction shreds to all network nodes (UDP). It assists Solana in establishing low-latency, loss-tolerant connections between Internet applications.

Decentralized Exchange

Decentralized Exchange

In addition to transmitting and receiving tokens throughout the network, you can also make and accept trade offers. This enables direct peer-to-peer trading as a secure alternative to hackable centralised exchanges.

High Speed Transactions

High Speed Transactions

Transactions are practically immediate, compensating for the platform's slowness and providing excellent security for transfers.

Scalability

Scalability

A network transaction consists of one or more activities such as payments, offers, and fees.

Secure

Secure

Stellar blockchain employs public-key cryptography protocols, implying that the code has been thoroughly reviewed and tested.

Why Choose Stellar for Blockchain Development?

We have curated few parameters for you to match with your Blockchain project development, See if Stellar is the right choice for your project.

Parameters

Public

Private

Consortium

Anonymous

Speed

Avg Gas fee

Interoperable

Native token support

Value

Yes

No

No

No

~ 1000-5000 TPS

0.00002$

Yes

Yes

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Use Cases of Stellar Blockchain

Stellar has applications beyond the financial markets to ensure that businesses conduct critical activities safely. Given the Stellar blockchain's varied capabilities, one may imagine the platform's numerous possibilities and applications. Here are some stellar blockchain use cases.

Smart Contract Development

Smart Contract Development

Stellar’s smart contract functionality is handy in escrow contract development, joint entity crowdfunding, lightning channels, and more.

Banking and Finance

Banking and Finance

Stellar’s API server, can construct highly secure application programs that can facilitate the integration of financial tools seamlessly.

E-commerce and Retail

E-commerce and Retail

Stellar supports real-time transactions and enables users to conduct decentralized transactions through customized payment software solutions.

Micropayment Applications

Micropayment Applications

Stellar can aid the execution of frictionless incremental payments in small amounts for services over time by creating custom financial solutions.

Mobile Apps

Mobile Apps

By connecting to Steller's decentralized network it can be used to develop mobile-based financial apps with a high level of stability, efficiency, and security.

Peer-to-Peer Lending

Peer-to-Peer Lending

Peer-to-Peer lending apps build on Stellar allows lenders and borrowers to communicate directly with efficiency and security.

FAQs

Here are answers to some questions about Stellar blockchain that our clients frequently ask. Drop us a word if the answers to your concerns or doubts aren't listed here. We'll get to you within 24 hours.