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  • Introducing: Answerly Staking - 2% monthly return for staking $ANSR [Proudly built on Stellar] June 30, 2022
    submitted by /u/syedtaqi [link] [comments]
    /u/syedtaqi
  • ST #2 - Fimi, Blue Marble, CBDCs, Smart Contract Naming and Scams June 30, 2022
    submitted by /u/raphlf [link] [comments]
    /u/raphlf
  • NFTs for the People — Possibilities with the Stellar Decentralized Exchange June 29, 2022
    The boom in NFTs last year into the beginning of this year had given the entire crypto market a boost. In particular, blockchains using smart contracts to create NFTs benefited from this development. This includes the market leader Ethereum and, in tow, also blockchains such as Flow, Polygon, Tezos, Solana or Binance Smart Chain. Stellar […]
    /u/Wallstonehero
  • /r/Stellar Daily Chat Thread June 29, 2022
    Welcome to r/Stellar Daily Chat Thread! Please read the rules below before posting. This thread is for chatting with community members, helping newcomers with their questions, posting memes, and a place to share speculation about upcoming announcements. Must Read r/Stellar Rules Getting Started on r/Stellar Stellar SDF Roadmap Learn about Stellar ​ Scam Alert There […]
    /u/AutoModerator
  • Tech Talks with Tomer: Jake Urban on SDF’s MoneyGram Integration June 29, 2022
    submitted by /u/spintax_ [link] [comments]
    /u/spintax_
  • Error on LobStr app!! June 29, 2022
    I’m trying to use MoneyGram feature and I’m getting “Mobile number is invalid” error submitted by /u/cr6565 [link] [comments]
    /u/cr6565
  • Is StellarX open source? June 28, 2022
    Hello! Does anybody know if StellarX is open source? I can't seem to find it anywhere - if so do you have a link to the repo? Thanks! submitted by /u/Pessimisticoptimist0 [link] [comments]
    /u/Pessimisticoptimist0
  • AMM Question June 28, 2022
    So i am in a couple AMMs and noticed that my Pooled XLM has gone down a lot. I understand the price goes down but why does the pooled XLM go down though the other Asset went up though which I understand due to fees. Example: I put 500 XLM and 500 LSP into the […]
    /u/KaptainKopterr
  • Impermanent loss June 28, 2022
    Hello, I am a beginner crypto investor and came up with some thoughts. Recently I wanted to try some daily investing strategies, and when the price reached my expectations I sold with very little gain. Buy: 27.61€ -> 236.9 XLM Sell: 236.9 XLM (27.71€) -> 28.25 USDC (26.66€) Fees: 0.00 Where does this almost 1€ […]
    /u/SubPanRosa
  • /r/Stellar Daily Chat Thread June 28, 2022
    Welcome to r/Stellar Daily Chat Thread! Please read the rules below before posting. This thread is for chatting with community members, helping newcomers with their questions, posting memes, and a place to share speculation about upcoming announcements. Must Read r/Stellar Rules Getting Started on r/Stellar Stellar SDF Roadmap Learn about Stellar ​ Scam Alert There […]
    /u/AutoModerator

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.