Cryptocurrency Q&A
Which blockchain is Stellar on?
Which blockchain is Stellar on?
AltcoinExplorer
Fri Jun 14 2024
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6 answers
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Could you kindly enlighten me on the blockchain technology that Stellar utilizes? I'm quite curious about its underlying infrastructure and how it differs from other blockchain platforms. Could you also explain the advantages Stellar might have by being built on a specific blockchain? Your insights would be greatly appreciated.
6 answers
Pietro
Sun Jun 16 2024
BTCC, a leading UK-based cryptocurrency exchange, offers a comprehensive suite of services tailored to the needs of crypto enthusiasts and investors. Among its offerings, BTCC provides spot trading, futures trading, and a secure wallet solution.
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CryptoElite
Sun Jun 16 2024
The Stellar network represents a revolution in blockchain technology, embracing an open-source, public architecture. It thrives on the Stellar Consensus Protocol (SCP), a sophisticated mechanism that ensures the integrity and security of transactions.
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isabella_doe_socialworker
Sun Jun 16 2024
The SCP, a proof-of-agreement (PoA) consensus mechanism, forms the core of Stellar's operations. This consensus model differs from traditional proof-of-work (PoW) or proof-of-stake (PoS) systems, emphasizing agreement among participants rather than computational power or token holdings.
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CherryBlossom
Sun Jun 16 2024
The PoA consensus mechanism ensures that transactions on the Stellar network are validated and confirmed by a distributed network of nodes. These nodes reach consensus on the state of the ledger, ensuring that all transactions are legitimate and accurate.
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KatanaGlory
Sun Jun 16 2024
The openness and transparency of the Stellar network make it an attractive platform for financial transactions. Developers can easily integrate Stellar into their applications, leveraging its fast and inexpensive transactions for various use cases.
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