Stellar is one of the most fast-paced payments that are low-cost technology that is open-sourced by the sense that it is open-sourced in. Stellar technology is also comparable to Ripple in terms of ripple in the sense of specific characteristics of transactions, and also interestingly one of the founders of Ripple, Jed McCaleb, is also the creator of Stellar.
Stellar is described as a platform that facilitates banks to connect, as well as the payment system, and for the general public. It was designed to facilitate the flow of money and transactions swiftly and efficiently, while enjoying the benefits of trust as well as the lowest cost.
What do you understand by a Stellar Horizon Server?
Horizon can be described as an API server to the entire ecosystem of Stellar. Horizon acts as an interface between applications that want to connect to the Stellar network as well as stellar-core. Horizon allows you to send payments for Stellar network, transfer transactions to the Stellar network, monitor the status of accounts and assists with event stream subscriptions as well as other. Horizon is responsible as a provider of an HTTP API to data from the Stellar network. Horizon ingests and stores the data created from Stellar Core and the Stellar network, in a way that is more easily consumed by any application compared to the performance-oriented representations of data that are used in Stellar Core. There is no need to create the own Horizon instance to connect to the Stellar network. There is two Horizon servers operated by the Stellar development foundation, specifically public and test networks:
They are free servers accessible to anyone and are ideal to develop projects and research at a smaller scale. However, their use is low and they’re not recommended in the case of production services which require confidence and security.
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