Stellar Protocol: What is Stellar and Why It Matters
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The document presents the Stellar protocol, which enables the decentralized and rapid transfer of money across various currency pairs with minimal fees. It explains the unique features of Stellar, including its distributed exchange capabilities, consensus algorithm, and built-in inflation to support economic growth. The launch of the Hubble Gateway and its success in attracting users indicates the growing adoption and confidence in the Stellar ecosystem.
Stellar Protocol: What is Stellar and Why It Matters
- 1. A presentation by Hubble STELLAR The future of transactions
- 3. What is Stellar? A decentralized protocol for sending and receiving money in any pair of currencies.
- 4. WHY IS IT DIFFERENT?
- 5. Why is it different? • Any currency pair (virtual or fiat) • Anywhere in the world • Within seconds • Near-zero fees • Open source, managed by a non-profit
- 6. Not Just a Currency • STR is an intermediary currency • Stellar Protocol is a distributed exchange for any asset • Finds cheapest conversion path between currencies/assets • Competition drives down transaction costs & spreads
- 7. Stellar Protocol - Pre-mined currency (95% distributed to community) - Consensus Algorithm (3-20 second confirmation times) - Unique Node Lists - Non-colluding validating nodes ensure against double spending - This allows near instant confirmation times - David Mazières (creator of bcrypt, Head of Stanford Secure Computer Systems Group) - Currently producing mathematical provable whitepaper on Consensus Algorithm
- 8. Built-in Inflation • 1% fixed annual rate • Account for economic growth & lost stellars • Distributed via Direct Voting
- 10. Gateways • Accept customer deposits • Issue credits on the network • Credits are transferable to any address • Credits can be redeemed by anyone with the issuing gateway
- 12. Gaining Traction Launch: July 31st • Target for Month 1: 10,000 users • Actual users Month 1: 533,697 users • Issued Market Cap: USD $2,505,359 • Total Issue Market Cap: USD $245,161,099 • 6 Exchanges Trading STR/BTC
- 13. What we are doing • We believe in the power of Stellar to transform transactions worldwide • Necessary infrastructure: Gateways • Hubble Gateway: The First Trusted USD Gateway • www.HubbleGateway.com