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Stellar (blockchain (consensus (Stellar Consensus Protocol (Federated…
Stellar
blockchain
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consensus
The servers communicate with each other to verify transaction and synch the ledger every 2 to 5 seconds
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features
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trustline
what are trustline?
When you hold assets in Stellar, you’re actually holding credit from a particular issuer. The issuer has agreed that it will trade you its credit on the Stellar network for the corresponding asset
When you hold an asset, you must trust the issuer to properly redeem its credit
To trust an issuing account, you create a trustline. Trustlines are entries that persist in the Stellar ledger. They track the limit for which your account trusts the issuing account and the amount of credit from the issuing account that your account currently holds
assets
What are Stellar assets?
a Stellar asset is an electronic IOU. That IOU can be anything that represents a good, value, or service
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Each asset, or token, can represent a specific good, service, or other value
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What is Stellar?
Stellar is an open-source, decentralized protocol for digital currency to fiat currency transfers which allows cross-border transactions between any pair of currencies [Wikipedia]
The Stellar network is a distributed blockchain based ledger and database that facilitates cross-asset transfers of value, including payments.
The Stellar network is an open source, distributed, and community owned network used to facilitate cross-asset transfers of value.
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