It is a system that makes international remittances between individuals free of charge and fast (about 5 seconds).
International remittance of different currencies (e.g., yen from Japan to the U.S. in dollars) can be done in about 5 seconds.
The fee is 0.00001 lumens (about 0.0001 cents), which is practically free.
More than 180 legal tender currencies are supported.
The Stellar Foundation, a non-profit organization, is responsible for the current operation and development.
It has been developed for remittance between individuals.
Stellar is actively expanding its services to the Philippines, India, West Africa, and other developing countries.
The virtual currency issued by Stellar is called Lumen. The virtual currency issued by Stellar is called Lumen, and all Lumens have been issued (100 billion), so there is no mining work.
In order to reduce inflation, about half of the lumens will be burned in 2019, and the current number of lumens remaining is 50 billion.
The maximum number of stellar lumens that can be issued is 100 billion XLM. The maximum number of stellar lumens to be issued is 100 billion XLMs, which increases by 1% per year.
Stellar has partnerships with many companies, including Deloitte, a major financial consulting firm, and IBM.
Stellar's network consists of three parties: users who send and receive, distributed ledger servers, and anchors who mediate transactions.
Stellar's network consists of three parties: users who send and receive, distributed ledger servers, and anchors who mediate transactions. Stellar has implemented its own approval algorithm SCP (Stellar Consensus Protocol) to reduce the risk of chain splits.
It can be purchased on Binance, etc.
Official website : https://medium.com/stellar-community
Twitter : https://twitter.com/StellarOrg
Github : https://github.com/stellar