Overview#

Stellar Network is a platform that connects banks, payments systems, and people.

Stellar Network Stellar is an Open Source protocol for value exchange.

Stellar Network Servers run a software implementation of the Stellar Consensus Protocol, and use the internet to connect to and communicate with other Stellar Network servers, forming a global value exchange network. Each Stellar Network servers stores a record of all “accounts” on the Stellar Network. These records are stored in a database called the “Stellar Ledger”. Stellar Network servers propose changes to the ledger by proposing “transactions”, which move accounts from one state to another by spending the account’s balance or changing a property of the account. All of the servers come to agreement on which set of transactions to apply to the current Stellar Ledger through a process called “consensus”. The consensus process happens at a regular interval, typically every 2 to 4 seconds. This keeps each Stellar Network server's copy of the ledger in sync and identical

Using the Stellar Network, you can build Digital Wallets, banking tools, smart devices that pay for themselves, and just about anything else you can dream up involving payments! Even though Stellar Network is a complex distributed system, working with it doesn’t need to be complicated.

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« This page (revision-1) was last changed on 29-Aug-2016 12:03 by jim