STELLAR COİN;
WE can say that stellar Lumens is an open -source,distributed payment infrastructure founded on the belief that international communities need “a global,open global financial network”.
Stellar Lumens spends this requirement on his own platform of payment systems that will link invidividuals and institutions together, in doin so,the Steller Lumen team wants to make existing transactions cheaper,faster and more reliable.in addition,the protovols connect people from all over the world,allowing them to make more effective cross-border payments (quite similar to the Ripple Project,but with cold water between them)
How does it work;
Stellar Lumens,like all other cryptokurrencies,carries the following beautiful word that makes it amark of block chain tecnology:localization.The star network runs on the network of decentralized servers,backed by international consortium of individuals and institutions.These servers support distributed logs that track network data and transactions.İn practice,the Star Protocol acts as a more inclusive,more flexible PayPal.To start using Stellar,you need to load money on a network.Like a bank or PayPal,this anchor keeps your money and gives your virtual wallet credit instead.
You might be wondering why you need to change the debt for an anchor in the first place.The anchor acts as a bridge for any currency and Star Network.Clearing allows you to officially convert your funds into Stellar ‘s state account.
This integration means that you can instantly send money to the network without having to wait for the bank to areive,just as it is in PayPal.
Cross-border payments go smoothly.Lets say you wanted to send money to your immigrant brother living in France.You will use your own US dollar bill to withdraw money through the Star’s Network.Stella will then automatically convert the USD to EUR using the lowest exchange rate and your sister’s account will be credited in EUR could withdraw money and make the Bohemian way of life live...
