After much research, we decided that Stellar was the perfect digital platform to launch our tokens due to its reputation and secure network. Unlike many of their competitors, the Stellar infrastructure is ready to deal with scalability issues and the price per transaction is very attractive, much less than a fraction of a cent.
To understand the Stellar Network better, please visit the stellar website (https://www.stellar.org/). Also below is a well written explanation by cryptocurrencyfacts.com which summarized most of what stellar is.
Understanding Stellar and Lumens (XLM)
The Stellar network is a distributed blockchain based ledger and database that facilitates cross-asset transfers of value, including payments. The native digital asset of Stellar is called Lumens (XLM).
In other words, Stellar is the payment network (Horizon API and Stellar Core) and Lumens (XLM) is the cryptocurrency. Those are both overseen by a non-profit called Stellar.org.
Stellar (the non-profit and network) and Lumens (the cryptocurrency) main selling points are:
- The Stellar network is an open source, distributed, and community owned network used to facilitate cross-asset transfers of value. It doesn’t handle all software types like Ethereum, but it is one of the only other choices for ICOs aside from Ethereum (but not the only other choice).
- Like Ripple, Stellar can handle exchanges between fiat-based currencies and between cryptocurrencies.
- Lumens have low fees (each transaction has a minor fee—0.00001 lumens—associated with it).
- The Stellar network, and thus Lumens and any other asset using the Stellar network, has fast transaction speeds that rival Ripple.
- Stellar.org, the organization that supports Stellar, is centralized like Ripple and meant to handle cross platform transactions and micro transactions like Ripple. However, unlike Ripple, Stellar.org is non-profit and their platform itself is open source and decentralized. Thus, they have the perk of feeling a bit more like a traditional company who can network with other companies on one hand, but have the open source, distributed, and community owned vibe that Ethereum and Bitcoin have on the other. Some might see this has “the best of both worlds.” Major companies thus far, to the extent that they embraced any cryptocurrency, have generally embraced Ripple and Stellar. See: IBM and Stellar Are Launching Blockchain Banking Across Multiple Countries.