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  • Stellar Dashboard Payment Volume June 17, 2018
    Hi, I am interested in getting more precise numbers for number of network operations and number of individual payments each day. Right now the dashboard shows above 1 million operations and under 200k payments. Does anyone have more details on what the exact numbers are? submitted by /u/0ng0n [link] [comments]
    /u/0ng0n
  • DEX trading is exploding. June 17, 2018
    submitted by /u/TillBillyJoe [link] [comments]
    /u/TillBillyJoe
  • xlm transfer speed June 17, 2018
    Transfering xlm from bittrex to binance, its been 10 minutes and the transaction still hasn't come thru. How long does it usually take? submitted by /u/LoremLumens [link] [comments]
    /u/LoremLumens
  • Wolf of Wall Street Jordan Belfort Doesn't understand cyptocurrency June 17, 2018
    submitted by /u/iamnotrob1 [link] [comments]
    /u/iamnotrob1
  • The Daily Stellar Chat Posts - Sunday June 17, 2018 June 17, 2018
    Welcome to The Daily Stellar Chat Posts - Sunday June 17, 2018! Please share the latest Stellar product news & announcement speculations in this thread. News of The Day What is Going On With the Crypto Markets, Experts Share Opinions - Cointelegraph Crypto Markets See Mix of Red and Green, Top 10 Coins in Slight […]
    /u/b1tcc
  • GlobalData Says Blockchain is not Everything June 17, 2018
    submitted by /u/kadhirvelavan [link] [comments]
    /u/kadhirvelavan
  • Where can I buy low amounts of lumens? June 16, 2018
    Most exchanges have a somewhat high limit, and I just want some to play with (not on testnet) submitted by /u/FoXERM [link] [comments]
    /u/FoXERM
  • Stellar infrastructure in Kenya? June 16, 2018
    Are there any merchant services targeting Kenya? Or XLM-KES exchanges that merchants could make use of please? Thanks submitted by /u/marcoski711 [link] [comments]
    /u/marcoski711
  • The Daily Stellar Chat Posts - Saturday June 16, 2018 June 16, 2018
    Welcome to The Daily Stellar Chat Posts - Saturday June 16, 2018! Please share the latest Stellar product news & announcement speculations in this thread. News of The Day Stellar: Price Analysis, June 15 - Cointelegraph Report: CIA Neither Confirms nor Denies Knowledge of True Identity of Satoshi Nakamoto - Cointelegraph What Do We Know […]
    /u/b1tcc
  • I am investing in Stellar to survive after cryptocurrency bubble June 16, 2018
    Selling crypto now is like selling Apple in 2001 The crypto boom is like the dotcom bubble but that's not a bad thing. More than 1,000 cryptocurrency startups worldwide have raised over $10 billion over the last two years. 1- Jed McCaleb: On a likely cryptocurrency bubble and potential future crash: "Having been in cryptocurrency […]
    /u/Bitcashoin

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What Is Stellar ?

Jed McCaleb who also created eDonkey and Joyce Kim founded in early 2014 an open-source protocol for value exchange purposes, called Stellar. Some of its board members and advisory board members are Patrick Collison, Matt Mullenweg, Keith Rabois, Joi Ito, Greg Stein, Naval Ravikant and Sam Altman. The Stellar Development Foundation supports the Stellar protocol.

There are various nonprofits and businesses in the developing world who started to use Stellar as financial infrastructure. Praekelt Foundation, for instance, wants to incorporate Stellar into Vumi, its open-source messaging app, with the purpose of allowing girls from the Sub-Saharan Africa to save money in the form of airtime credits.

Oradian is a cloud-based banking software company that wants to use Stellar as means of connecting microfinance institutions (or MFIs) from Nigeria.

 

More partnerships were announced in December 2016, in countries like India, West Africa and the Philippines.

Stellar and IBM formed a partnership in October of 2017 to speed up the global payments.

When it was launched, Stellar was based on the Ripple protocol. Stellar separated when it made critical changes to the consensus code. Joyce Kim, Stellar’s co-founder, said in the aftermath that the Ripple protocol was flawed, however the declaration was questioned by Stefan Thomas, of Ripple Labs CTO, in a blog post.

 

After this, the Stellar Development Foundation wrote a brand new code, thus updating the protocol with a new consensus algorithm. This new code and whitepaper were announced in April 2015, while the upgraded network was finally available for accessing in in November 2015.