Blockchain has become the center of the crypto world and is one of the most discussed topics. It carries great significance in terms of developing a secure and efficient application that creates a decentralized platform. Stellar is also a part of the same initiative, which strives to build up an enhanced blockchain network and is known to be flexible compared to its competitors. This famous decentralized network can enable cross-border payments, tokenization of assets, and various financial transactions. In this blog, you will be able to understand everything about Stellar XLM.
About Stellar
Stellar was introduced by Jed McCaleb in the year 2014, who is also the co-founder of Ripple. The goal of Stellar is to make financial services more affordable and accessible for all by strengthening blockchain technology.
Due to its functionality, stellar has become quite important for blockchain enterprises. Its functionality includes cross-border payments and chain support.
You can indulge in its benefits by investing through exchanges like C4Changer. We enable you to buy Stellar XLM for cash in Dubai, UAE. We are renowned for our exceptional services and fast transactions.
What Are The Features Of Stellar Blockchain?
Here we have listed some features that have played a crucial role in Stellar’s growth and have worked well to help it rise as a major player in the blockchain industry.
Open Source & Decentralization
No single entity can control the network of Stellar as its database is decentralized. Due to this, stellar offers a trustworthy and transparent systеm for its users. This means every user is allowed to see the same information present on the network. As it is open-source, anyone can modify, view or take part in the code that runs the blockchain. The open-source and decentralized features make this blockchain ideal for organizations and businesses to develop smart contracts and various innovative applications.
Fast Transaction
The consensus mechanism of Stellar allows its users to have quick transaction confirmation. The instant confirmation of payments and other transactions makes Stellar a preferred platform for users who want cross-border payments and remittances. Companies such as financial institutions, online retailers, or gaming platforms can greatly use this blockchain.
Fixed Annual Inflation
The Stellar blockchain has a fixed annual inflation rate of 1%. This ensures that the network is stable, sustainable, and secure. This can encourage the user to use and hold XLM in the blockchain. Also, the fixed inflation rate reduces the chances of price volatility and manipulation of the market. Through the fixed annual inflation, there is better predictability and stability that makes Stellar an exceptional platform for investors and businesses that look into the development of long-term and sustainable applications.
Stellar supports multi-signatures and smart contracts, which can be used to execute complex transactions and automate processes. Smart contracts are self-executing programs that can facilitate and verify transactions without intermediaries. Multi-signatures and smart contracts make Stellar Blockchain an attractive platform for businesses that require secure, automated, and transparent processes, such as healthcare, insurance, and real estate.
Smart Contracts & Multi-Signature
Smart contracts and multi-signature are supported in the Stellar blockchain, which is involved in the execution of automated processes and complex transactions. Smart contracts are programs that are stored on a blockchain that runs when predetermined conditions are once met. They are used to verify transactions without any intermediaries.
To Wrap It Up
Stellar is a decentralized and open-source blockchain that was introduced in 2014 and has become a reliable choice for users due to fast transactions and transparency. Now, all thanks to exchangers like C4Changer, you can easily buy and sell XLM against AED. Our procedure is simple and straightforward, making it ideal for everyone.
