The Blockchains, Pt.10: The STELLAR Blockchain

Every blockchain and cryptocurrency is fascinating in its own right, and Stellar is no exception. If you are looking to find out what is so special about the currency, that has been called the “non-profit crypto” — keep on reading!

Stellar is a non-profit organization and a blockchain platform for money transfers and exchange; its cryptocurrency (XLM) is now one of the top 10. The project was launched in 2014 by eDonkey creator, Jed McCaleb, and an investor, Kim Joyce with an aim to minimize poverty and support the population that has no access to banking.

XML’s unique trait is its capability to swap cryptocurrencies directly inside the network via anchors. Anchors are the trusted parties on the network, where the network members deposit and withdraw assets.

Using protocol of Stellar does not need and intermediaries for performing the transfers, which means the unbanked population has access to money transfer or exchange services. It is even possible to turn mobile credit to money via Stellar.

Emirex supports all the major blockchains, including Stellar. Come back soon to check out the next articles about the fascinating world of blockchains!