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Stellar

What is Stellar?

Stellar is a decentralized blockchain platform designed to facilitate cross-border payments and enable financial inclusion for individuals and institutions. It was co-founded by Jed McCaleb and Joyce Kim in 2014 with the goal of making financial transactions more accessible and affordable.

Key Features:

  • Decentralized Payment Network
  • Federated Byzantine Agreement (FBA) Consensus
  • Native Asset: Lumens (XLM)
  • Fast and Low-Cost Transactions
  • Focus on Remittances and Cross-Border Transactions

Use Cases:

Stellar is used for creating a global network that connects financial institutions, payment systems, and individuals, making it easier to send and receive money across borders and currencies.

Visit their official website to learn more:
https://stellar.org/
Accounting Features Supported for
Stellar
Unrealized G/L & Impairment Calculation
Soon
Reconciliation & Sanity Checks
Soon
DeFi Protocols
Soon
NFTs Valuation
Soon
Automated Rule Categorization
Soon
Integration to ERPs, QBO, Xero, Netsuite, etc.
Soon

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