Stellar is an dispersed payments infrastructure. It's a leapfrog technology that connects payment systems, people, and banks with a focus on the developing world. It permits you to facilitate multi-currency and asset transactions fast, reliably, and for a portion of a cent using a crypto-asset called Lumens (XLM) as a bridge.
#x27 & stellar;s fundamental operation is like that of all payment technologies that are decentralized. It runs on the network of servers that are decentralized . The most notable factor between Stellar and bitcoin is its consensus protocol.
Consensus protocol does not rely on the miner system to accept trades. Instead, it employs the Federated Byzantine Agreement (FBA) algorithm, which enables faster processing of trades. This is because it utilizes quorum slices (or a part of the system ) to approve and validate a trade.
Another set of is chosen by each node at the Stellar network? Trustworthy? nodes. Once a trade is approved by all nodes in this set, then it is considered authorized. The process has made #x27, Stellar &;it is said to procedure as much as 1,000 system operations per second and s system fast.