I am sitting at my favourite coffeeshop as I write this. For a long time, it refused to take credit cards since the owners did not need to pay the retailer transaction fees, usually 3%. Actually, the charge card cartels as well as their trade fees represent a substantial, continuing drain on our economy which we take for some degree of fluidity. In 2013, I asked if it was time for the U.S. Treasury to supply a digital cash alternative. !
The Stellar system, its team, counselors and advancement to date very much impressed me. The more I researched, the more depth I found. By the end of my investigations, I was ready to dive deeper into the development platform. This really is not usually the case when investigating new APIs.
Stellar is a decentralized, non-profit infrastructure for financial transactions as well as a brand new digital money. It is designed to securely, fluidly and affordably support online transactions between different individuals and with different currencies, and to offer an open source platform for programmers to establish payment options into programs of all kinds. !
Leading's network of decentralized servers power a distributed ledger which records every trade in the ecosystem. The ledger records your cash as credit that is issued by gateways. For instance, portals transfer dollars to credits on the Stellar platform, or Euros or Bitcoin; this is much like how Paypal operates now. Credit is issued to your online account which behaves like a virtual wallet in exchange for your deposit. They should be trusted to hold your cash and honor your withdrawals.
Stellar's platform also enables new monies, like the Show Coin. These monies may be produced by program suppliers and changed for real world monies at Stellar portal sites. Any program programmer can create their own money or leverage stellars directly.
I ran into some difficulties, likely unique to the reality that I do not use Facebook any more. My scenario is most likely fairly uncommon. I 'd really allow the domain name I'd registered for e-mail for Facebook expire. I tried changing over to a Facebook account I use to handle Pages, but Stellar does not have a mechanism to disconnect a Facebook Connect link after it is made. So I tried re-registering with a fresh account at Stellar. That did not work either:
The Stellar Blog has lots of in-depth updates on it if youwant to dive more deeply in their work. You can follow Stellar on Twitter at @stellarorg. They also have a ZenDesk Support Portal Site with a knowledge base as well as a routine newsletter. There are multiple community newsgroups and IRC rooms. Take a look at their community page for more detail. !
I am ready to learn more about the Stellar Ecosystem and API farther. I am hoping you are intrigued too. Try to find future posts on Stellar at my Tuts+ teacher page. Please don't hesitate to post your inquiries and remarks below. You may also follow me on Twitter @reifman or reach me via e-mail directly. Now go sign up and get your stellar. !
My coffeeshop eventually started taking credit cards when the law changed to permit them to pass on trade fees to customers. As I prefer not to pay those fees, this is among the sole areas where I still use cash. I for one would be quite very happy to purchase my coffee with leading and I believe they'd be very happy to take it.
Posted on May 11, 2015 at 08:00 PM