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Stellar Protocol: What is Stellar and Why It Matters

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An overview of the Stellar protocol (www.Stellar.org), what it allows and why it can reshape financial transactions around the world. We are building a USD gateway on the Stellar network at …

An overview of the Stellar protocol (www.Stellar.org), what it allows and why it can reshape financial transactions around the world. We are building a USD gateway on the Stellar network at www.HubbleGateway.com

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  • 1. A presentation by Hubble STELLAR The future of transactions
  • 2. WHAT IS STELLAR?
  • 3. What is Stellar? A decentralized protocol for sending and receiving money in any pair of currencies.
  • 4. WHY IS IT DIFFERENT?
  • 5. Why is it different? • Any currency pair (virtual or fiat) • Anywhere in the world • Within seconds • Near-zero fees • Open source, managed by a non-profit
  • 6. Not Just a Currency • STR is an intermediary currency • Stellar Protocol is a distributed exchange for any asset • Finds cheapest conversion path between currencies/assets • Competition drives down transaction costs & spreads
  • 7. Stellar Protocol - Pre-mined currency (95% distributed to community) - Consensus Algorithm (3-20 second confirmation times) - Unique Node Lists - Non-colluding validating nodes ensure against double spending - This allows near instant confirmation times - David Mazières (creator of bcrypt, Head of Stanford Secure Computer Systems Group) - Currently producing mathematical provable whitepaper on Consensus Algorithm
  • 8. Built-in Inflation • 1% fixed annual rate • Account for economic growth & lost stellars • Distributed via Direct Voting
  • 9. THE STELLAR ECOSYSTEM
  • 10. Gateways • Accept customer deposits • Issue credits on the network • Credits are transferable to any address • Credits can be redeemed by anyone with the issuing gateway
  • 11. Transaction Path-Finding
  • 12. Gaining Traction Launch: July 31st • Target for Month 1: 10,000 users • Actual users Month 1: 533,697 users • Issued Market Cap: USD $2,505,359 • Total Issue Market Cap: USD $245,161,099 • 6 Exchanges Trading STR/BTC
  • 13. What we are doing • We believe in the power of Stellar to transform transactions worldwide • Necessary infrastructure: Gateways • Hubble Gateway: The First Trusted USD Gateway • www.HubbleGateway.com