Could Stellar Become a New Major ICO Platform? | Blockchain Central

The video explores the Stellar consensus protocol, its mission, and network structure. Founded by Jed McCaleb, Stellar aims to promote global financial access. It uses a unique consensus protocol, Federated Byzantine Fault Tolerance, to ensure efficient transactions. Stellar's network includes anchors for real-world asset transactions and a distributed exchange for cross-border currency conversions. The native cryptocurrency, Lumens, facilitates transactions and token issuance, offering advantages in liquidity, security, and performance.

What is the main mission of the Stellar Development Foundation?

How does the Stellar Consensus Protocol differ from Bitcoin's proof of work mechanism?

Explain the concept of quorum slices in the Stellar network.

What are anchors in the Stellar network and what functions do they serve?

What are the potential benefits of Stellar's integrated distributed exchange for cross-border transactions?

What is the significance of lumens (XLM) in the Stellar network?

Describe the advantages of issuing tokens on the Stellar network compared to third-party exchanges.