DEVELOP DECENTRALIZED FINANCIAL APPLICATIONS THAT LEVERAGE THE STELLAR PROTOCOL
The Stellar network is a blockchain-based distributed ledger network that is designed for the financial sector. The network can connect to banks and payments systems to enable an extremely high speed, cross-asset, and low-cost transfer of value. The Stellar network has a native cryptocurrency called lumens which is needed to transact across the decentralized network. Stellar, originally a variant from the Ripple blockchain, also provides guides and tools such as the Horizon API server for rapid integration with legacy line of business applications.
Business Benefits of Stellar
In today’s and tomorrow’s payment systems, speed is everything. The problem with today’s payment systems is the delay in the payment process. When leveraging the Stellar Consensus Protocol (SCP) transactions have been recorded to reach upwards of 3,000 tx/s. As one of the first public blockchains to be used in Production for financial cross boarder payments, Stellar’s speed of transactions helps businesses realize value quicker.
Transaction efficiency is one of the reasons why businesses are looking into blockchain as an emerging technology that will help increase margins and create new business value. Stellar has gained popularity due to it’s fast and inexpensive transactions across the network. The network requires a nominal fee on transactions and a very minimum balances on accounts. Each transaction costs a fee of 0.00001 lumens and the minimum balance on accounts is .5 lumens.
Line of Business Integration
User adoption and change management are critical components to any business application’s ROI. Instead of replacing your legacy systems with new technology, Stellar provide integration capabilities to ensure communication across the Stellar network. From Micropayments to Remittances, the Horizon API server is the bridge between the Stellar network and non-blockchain applications that want to have access to the network.
MODERN CLOUD SOLUTIONS
Public Blockchains We Use
PRIVATE & CONSORTIUM BLOCKCHAINS WE USE
Envision Blockchain Solutions builds applications for the Web3 space. Our mission is to reshape and align today's systems allowing organizations to recognize the new value in tomorrow's Industry Vertical Solutions. The management team has years of Fortune 500 experience and has built a team of subject matter experts in Web3 and Business Transformation Processes. We focus on guiding organizations through 3 major milestones on their Web3 journey: Use Case Analysis, Proof of Concept Development, and Scaled Deployments.
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