What is Stellar? Stellar XLM Explained Simply | Federated Byzantine Agreement
What is Stellar? Stellar XLM Explained Simply | Federated Byzantine Agreement

What is Stellar? Stellar XLM Explained Simply | Federated Byzantine Agreement

By Jay Fried | A Chain of Blocks | 2 Sep 2020


In this video we will take a Simplistic look at the Stellar Consensus Protocol, break down Stellar Lumens XLM, and compare Stellar and Ripple.

Tried to make this super easy to understand.

What is Stellar? Stellar XLM Explained Simply | Federated Byzantine Agreement

At a high level, Stellar is an open-source and decentralized financial platform with a native currency XLM. It is used to execute fast, secure, cross-border payments. The protocol is used for digital currency to fiat currency transfers which allow cross-border transactions between any pair of currencies.

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Jay Fried
Jay Fried

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A Chain of Blocks
A Chain of Blocks

Creator of www.AChainofBlocks.com Dedicated to Increasing Community Knowledge on Blockchain, Crypto, and Distributed Ledger Technology. Simple Explanations of Complex Topics.

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