The advantages of Stellar and its global partnerships

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11.09.2019 by
The advantages of Stellar and its global partnerships

1) Extremely high processing speed: each transaction is confirmed within 3–5 seconds — not several minutes or even hours, as is the case with Bitcoin and Ethereum.

2) Near-zero fees: only 0,00001 XLM or circa 0,000002$, which is 40 000 less than in the Ethereum network;

3) Issuing a new token is free;

4) Newly-issued tokens can be traded on the global SDEX exchange starting from the first day;

5) Easy handling of fiat currencies: Stellar was designed for cross-border money transfers, so in the future it might replace international bank transfers;

6) A robust infrastructure of wallets and exchanges supporting XLM;

7) Fully functional smart contracts: Stellar can be used to build any kind of dApp;

8) Proprietary consensus protocol (Stellar Consensus Protocol, SCP) that ensures maximum protection against hacker attacks;

9) Scalability — Stellar is already much more efficient than Ethereum could become in a few years and after many upgrades;

10) Possibility to trade any currency pairs — even if they are not directly available — using the mechanism of paths (the system automatically finds the best combination of three currencies to perform the exchange).

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