Altcoins News
By Ayobami Abiola
1 / 9
Bitcoin remains the father of blockchain technology and cryptocurrencies as it brought a peer-to-peer method of completing transactions without having to trust intermediaries.
2 / 9
But Bitcoin cannot process micropayments or transactions efficiently because of its huge transaction fees.
3 / 9
Stellar does something better, it makes micropayments possible with a very low fee. It is built originally to connect the blockchain technology with the world of fiats.
4 / 9
While responding to Coinmarketcap’s questions in an interview, Jed McCaleb, Cofounder of Steller and currently the Chief Technical Officer (CTO), on September 20th stated:
5 / 9
“This is something that basically Stellar spends all its time working on. The whole original design of Stellar is that you can have fiat currencies and other kinds of forms of…
6 / 9
To drive real adoption for blockchain technology, there needs to be a way to bridge the crypto-verse and the traditional market. Jed opined:
7 / 9
“It’s a necessary thing. I don’t think there’s another route, really. There’s obviously some people that will just jump straight into holding Bitcoin.
8 / 9
And with the all-new SEP-30 (Key management and recovery), Stellar is actively providing adoption grounds for new people who are scared of holding cryptocurrencies for the risk…
9 / 9
“The … point is that this process means a user doesn’t have to maintain a backup key on her own. In fact, a user doesn’t have to keep track of a key at all.
The Currency Analytics
Want the full story?