What Does Stellar Do?

Stellar is an open-source network for currencies and payments. Stellar makes it possible to create, send and trade digital representations of all forms of money—dollars, pesos, bitcoin, pretty much anything. It's designed so all the world's financial systems can work together on a single network.

What is Stellar used for?

Stellar is a decentralized protocol on open-source code to transfer digital currency to fiat money domestically and across borders.

Is Stellar a good Cryptocurrency?

Unlike traditional blockchain based systems like Ethereum and Bitcoin, Stellar is faster, cheaper and energy efficient. Its end user experience is more like that of cash. ... As many countries are taking steps to ban bitcoin, El Salvador has become the first country to declare bitcoin as a legal tender.