DApps on Bitcoin Blockchain?

The video explores Stellar, a blockchain-based payment network similar to Ripple, founded by Jed McCaleb. It highlights Stellar's mission to promote financial inclusion through low-cost services. The Stellar Consensus Protocol, based on Federated Byzantine Fault Tolerance, ensures efficient transactions. Anchors facilitate real-world asset transactions. Stellar's native cryptocurrency, Lumens, supports network operations and token issuance. The platform's features make it attractive for startups and ICOs.

Who founded Stellar and what was its initial relationship with Ripple?

• Charlie Lee; it was a fork of Litecoin

• Jed McCaleb; it was a fork of Ripple

• Satoshi Nakamoto; it was a fork of Bitcoin

• Vitalik Buterin; it was a fork of Ethereum

What is the primary mission of the Stellar Development Foundation?

• To create a centralized banking system

• To promote global financial access and inclusion

• To develop a new cryptocurrency for trading

• To replace traditional stock exchanges

What is the core idea behind the Stellar Consensus Protocol?

• Proof of Stake

• Federated Byzantine fault tolerance

• Delegated Proof of Stake

• Proof of Work

How does the Stellar network ensure transaction speed and scalability?

• By limiting the number of transactions

• Through quorum slices and overlapping trust networks

• Through high transaction fees

• By using a centralized server

What role do anchors play in the Stellar network?

• They create new smart contracts

• They bridge crypto and real-world assets

• They validate transactions

• They mine new Lumens

What is the native cryptocurrency of the Stellar network?

• Litecoin

• Lumens (XLM)

• Ether

• Bitcoin

What advantage does Stellar offer for token issuance compared to third-party exchanges?

• No reliance on third-party exchanges

• Slower transaction speeds

• Higher transaction fees

• Limited programming language support