What is the difference between Stellar and other cryptocurrencies?
The Stellar network is a distributed, open-source blockchain platform that enables users to send and receive payments in any currency, including cryptocurrencies.
Unlike other cryptocurrencies, Stellar does not require miners to process transactions. Instead, it uses a consensus algorithm to validate transactions on the network. This means that transactions are processed faster and more securely than with other cryptocurrencies.
In addition, Stellar is designed to facilitate cross-border payments and currency exchanges at low cost. It also allows users to issue their own digital assets on the network, such as tokens or stablecoins. This makes it easier for businesses and individuals to create their own financial products and services on the Stellar network.
Finally, Stellar has a built-in decentralized exchange (DEX) that allows users to trade digital assets without relying on a third party or centralized exchange. This makes it easier for users to access liquidity and move funds quickly and securely across borders.
