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.

Who founded Stellar and when was it launched?

• Charlie Lee in 2011

• Satoshi Nakamoto in 2009

• Jed McCaleb in 2014

• Vitalik Buterin in 2015

What is the core idea behind the Stellar Consensus Protocol?

• Federated Byzantine Fault Tolerance

• Delegated Proof of Stake

• Proof of Work

• Proof of Authority

How does Stellar ensure network reliability?

• By using a master node system

• Through a proof of stake mechanism

• Through a network of independent nodes

• By relying on a single centralized entity

What role do anchors play in the Stellar network?

• They act as centralized authorities

• They validate transactions

• They mine new Lumens

• They bridge real-world assets with the Stellar network

What is the transaction capacity of the Stellar network?

• 10,000 transactions per second

• 1000 transactions per second

• 100 transactions per second

• 10 transactions per second

What is the native cryptocurrency of the Stellar network?

• Ripple

• Lumens

• Ether

• Bitcoin

What advantage does Stellar's distributed exchange offer for token issuance?

• It requires high transaction fees

• It requires complex smart contracts

• It eliminates the need for third-party exchanges

• It limits the number of tokens issued