StellarPlus

  What is Stellar Blockchain, and what are its benefits? Stellar blockchain "is the platform that connects people, banks, and payment systems" and it is meant to "move cash quickly, reliably, almost without cost." What is the Stellar Blockchain unique among other blockchain networks? It is an open-source platform that can be used decentralized. Supports thousands transaction per second Smart contracts and multisignatures are leveraged It has 1% annual inflation. Confirmation time is approximately 3-5 seconds How does Stellar Blockchain operate? Stellar is just like other blockchain platforms. Transactions are added to a public, shared ledger. Stellar uses a consensus algorithm, called the "Stellar Consensus Protocol", which is based upon the Federated Byzantine Agreement. SCP allows for fast transactions and lower costs. Everybody on the network can agree within seconds as to whether a transaction is valid. Each participant (called node) who helps add tran...

Stellar, a decentralized network that connects many nodes (computers that keep a shared ledger), is a network that allows for multiple computers to communicate with each other. Each node communicates with the other to verify and add transactions to a shared ledger. Stellar Core uses the Stellar Consensus Protocol. It allows the nodes to remain in sync while validating transactions as well as applying them into the ledger. Types of nodes Stellar nodes share the same basic functionality: Stellar Core, connecting with peers, processing transactions, storing ledger's information in SQL database, keeping a copy of ledger in flat XDR XDR files called Buckets, and running Stellar Core. Horizon is the Stellar API which is supported by all nodes. Beyond the basic functionality, there are two important configuration options that determine a node’s behavior. A node's behavior can be: Participate at consensus for transitions validation Create an archive that can be accessed by other nodes ...

Have you heard of the term “Stellar” before? If not, you’ve come to the proper place. This post will take you on a well-informed and awake journey through Stellar and its AWS setup method. Stellar is an open-source payment mechanism that is fast-paced and low-cost. In terms of transaction properties, Stellar technology is identical to Ripple, and Jed McCaleb, the co-creator of Ripple, is also the founder of Stellar. Stellar describes itself as a platform that enables bank connectivity, payment systems, and individuals.It is meant to allow money to flow and transactions to take place smoothly and swiftly, while also providing the benefits of trust and cheap cost. What exactly do you mean when you say “Stellar Horizon Server”? Horizon can be thought of as a Stellar ecosystem API server. It serves as a bridge between apps that want to connect to the Stellar network and stellar-core. Horizon enables you to send transactions to the Stellar network, manage account status, and subscribe to ev...