The Stellar Network is an open-source, decentralized protocol for digital currency to fiat money transfers, designed to facilitate low-cost, near-instantaneous cross-asset transactions and international remittances. Its primary purpose is to connect diverse financial systems and enable efficient value exchange globally.
Mechanism
The operational logic of the Stellar Network relies on the Stellar Consensus Protocol (SCP), which achieves distributed consensus through a federated Byzantine agreement model, allowing for rapid transaction finality without requiring all nodes to agree. It supports multiple assets, including its native currency Lumen (XLM) and various tokenized fiat currencies or other digital assets issued by anchors.
Methodology
The strategic approach of the Stellar Network aims to provide an accessible and efficient infrastructure for financial services, particularly for cross-border payments and micro-transactions, by reducing settlement times and costs. This methodology supports digital currency functionality and cross-chain capital flow by enabling secure and rapid movement of value, making it relevant for RFQ crypto platforms and smart trading applications focused on efficient global liquidity and remittances.
This protocol upgrade systematically enhances stablecoin liquidity and interoperability, delivering a structural advantage for institutional digital asset operations.
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