Stellar Blockchain Development
Stellar is a platform that connects banks, payment
systems, and people. Integrate to move money quickly, reliably, and at almost
no cost. Stellar is an open-source protocol for value exchange.
The Stellar protocol is supported by a nonprofit,
the Stellar Development. Stellar is an open-source protocol for exchanging
money.
Why
Stellar?
Stellar is becoming a go to platform for smart
contracts. Stellar
Smart Contracts (SSC) are not turing complete and
produce better and auditable code which in turn leads to lesser security risks.
One of the awesome features of SSC is the negligible
transaction fee of almost .00001 XLM and that there is no gas fee for
transactions. Meaning a median confirmation time of 5 seconds.
Stellar
Blockchain Tools:
Stellar
Core:
Stellar Core is the backbone of the network, which
validates and agrees on every transaction status through SCP (stellar consensus
protocol).
Horizon:
Horizon is a client facing API server, which allows
to check accounts, submit transactions and subscribes to events. Applications
based on the Stellar interact with the network through Horizon.
Federation
Server:
A Federation protocol server is designed to be
dropped into the existing infrastructure. It can be configured to take out the
data it needs from the existing SQL database.
Bridge
Server:
Bridge server gives a simple interface for the
stellar network, which simplifies the compliance operations and other
complicated integrations.
Uses
of Stellar Development:
Micropayments:
Stellar can be used to set up something like Beerpay
for getting micropayments from your audience or users.
Money
exchange:
XLM can be used to exchange currencies and set up
trades owing to the low transaction fees in the network; it can power 600,000
transactions for .01 USD in fees.
Microsavings:
Start a Cyber piggy bank service with SSC which can
be programmed to payout after reaching a ceiling amount.
Mobile
Payments:
Compete with industry giants like Google’s Tez using
Stellar, it enables fast transactions from user to user and can be integrated
with telecos, banks etc.
How
it Works?:
IDEATION
Once you have your
breakthrough, our team of experts will brainstorm with you to help you get the
most out of your blockchain
project idea. You bring the business concept and we will help you shape it and
crystallise the end solution for your customers, both from a business, as well
as a tech point of view.
TECHNOLOGY
We take care of the
technology from start to finish - Till it’s up and running and live on the
nodes and servers. Tech is the binding agent that brings it all together, and
we make sure it stays that way. Your customers, your product - tied up neatly
with an intuitive User Interface for your customers as well as the entire
ecosystem.
DELIVERY
Done by Experts, we
take care that all the sparkling code is well documented and delivered to you
in your preferred way. With a little patience and persistence, you are on your
way to riding the greatest tech wave of our times and cashing in on what are
possibly the most dramatic shifts in technology since the internet itself.
Benefits
of Stellar Development:
·
Transaction Traceability
·
Auditable codes
·
Extensive Market Reach
·
Cost Effective Operations
·
Flexible trust
Thanks for reading our Content. To know more about
our Services, kindly Visit our Website:
Crypto Soft India
1/124, DLF IT Park Rd,
Ramapuram, Chennai,
Tamil Nadu 600116
+91 6385108373
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