Stellar is a decentralized, open-source blockchain platform designed for fast, low-cost financial transactions between people and institutions, particularly in developing countries with limited access to traditional financial systems. Its primary goal is to build a network that can handle all transactions for all financial institutions worldwide. The platform uses a distributed ledger technology called the Stellar Consensus Protocol (SCP) to achieve consensus among network participants, allowing for fast and reliable transactions. Stellar is managed by the nonprofit Stellar Development Foundation and is supported by a strong and active developer community. It has partnerships with organizations such as Deloitte, IBM, and Tempo and is used in projects such as IBM World Wire, a global payment network that uses Stellar to facilitate cross-border transactions.
If you’re considering developing on the Stellar blockchain, there are several benefits to keep in mind. Stellar enables fast and low-cost transactions, supports cross-border capabilities, is an open-source platform, has a strong developer community, and has a wide range of potential use cases. When hiring a Stellar developer, look for someone with a strong understanding of blockchain technology, experience with Stellar, strong coding skills, problem-solving skills, and strong communication skills. It’s also important to consider whether the candidate is a good fit for your team and company culture. With the help of Stellar developers, you can access professional blockchain development services and create smart contracts for point-to-point blockchain applications, accelerating your fintech software development.
Development Services 