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  • Ledger nano S and yXLM? June 22, 2021
    Is there any official tutorial for it yet? I haven't done anything with crypto for long time, so I'm bit afraid. I'm still very concerned using yXLM, but I guess most people have had good experiences about it? submitted by /u/twendah [link] [comments]
    /u/twendah
  • /r/Stellar Daily Chat Thread June 22, 2021
    Welcome to r/Stellar Daily Chat! Please share the latest Stellar product news & announcement speculations in this thread. Must Read Stellar Roadmap r/Stellar Rules Getting Started Learn Stellar Scam Alert There are NO airdrops, giveaways, staking, inflation mechanisms, or 'free lumens'. Beware of MEMO-PHISHING attempts and FAKE AIRDROPS. Do not go to the websites in […]
    /u/AutoModerator
  • Store legal documents on the Stellar blockchain June 21, 2021
    This post describes how legal documents can be stored on the Stellar blockchain, with a minimum deposit of just 1 XLM. Using Data Entries, it took only 113 seconds to store a 102K file on the Stellar test net (for a transaction cost of less than 1 cent), and only 3 seconds to read those […]
    /u/SkillDuel
  • Decentralized Finance (DeFI) Is Coming To Stellar Lumens (XLM) June 21, 2021
    submitted by /u/Odunayo20 [link] [comments]
    /u/Odunayo20
  • /r/Stellar Daily Chat Thread June 21, 2021
    Welcome to r/Stellar Daily Chat! Please share the latest Stellar product news & announcement speculations in this thread. Must Read Stellar Roadmap r/Stellar Rules Getting Started Learn Stellar Scam Alert There are NO airdrops, giveaways, staking, inflation mechanisms, or 'free lumens'. Beware of MEMO-PHISHING attempts and FAKE AIRDROPS. Do not go to the websites in […]
    /u/AutoModerator
  • It is better to store a 100K file on Stellar instead of IPFS June 20, 2021
    This post on the IPFS subreddit provides the following information: https://www.reddit.com/r/ipfs/comments/o45jh9/can_i_upload_files_to_ipfs_without_hosting_a_node/ IPFS files are only active as long as an IPFS node that has them is running. Centralized IPFS pinning services (like siasky.net and pinata.cloud) can change their policies (and increase their fees) at any time, including removing your files. Unless you are willing to […]
    /u/SkillDuel
  • Can I use StellarX to exchange Bitcoin to XLM? June 20, 2021
    Is there also something to be aware of while doing this? Thanks. (I own actual Bitcoin, not a token on the stellar network) submitted by /u/Dwez1337 [link] [comments]
    /u/Dwez1337
  • Appealing to the average Joe with Stellar (XLM) and the cryptocurrency space June 20, 2021
    submitted by /u/The-Crypto-Portal [link] [comments]
    /u/The-Crypto-Portal
  • /r/Stellar Daily Chat Thread June 20, 2021
    Welcome to r/Stellar Daily Chat! Please share the latest Stellar product news & announcement speculations in this thread. Must Read Stellar Roadmap r/Stellar Rules Getting Started Learn Stellar Scam Alert There are NO airdrops, giveaways, staking, inflation mechanisms, or 'free lumens'. Beware of MEMO-PHISHING attempts and FAKE AIRDROPS. Do not go to the websites in […]
    /u/AutoModerator
  • Store a 3 minute MP3 file on the Stellar network for 36 cents, using linked Memo fields June 20, 2021
    Can a 3 minute MP3 file be stored on the Stellar network for 36 cents, using linked Memo fields? Each transaction can contain 32 bytes in the Memo field. Each transaction costs .00001 lumens. A 3 minute MP3 file consumes 4,000,000 bytes. 4,000,000 / 32 = 125,000 transactions. 125,000 * .00001 = 1.25 lumens. A […]
    /u/SkillDuel

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.