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Stellar Based Real-World Blockchain Solutions

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oodles blockchain
Stellar Based Real-World Blockchain Solutions

Similar to Fintech, many industries face serious challenges around security, privacy, performance, and scalability.

As we’ve been continuously exploring effective blockchain solutions to real-world problems, it’s necessary to work with the right partner that can help us realize our vision.  Stellar Blockchain Development Services will help you to enable seamless transactions between financial institutions, enterprises and people by creating fintech applications with Stellar Smart Contract

As a leading cryptocurrency and blockchain development company, Oodles Blockchain is working on to create transforming blockchain based solutions that can change everything of value as we know it.

So, without further ado, let’s look at the most prominent reasons to develop Stellar based real-world blockchain solutions.

Stellar’s consensus model intends to serve the real-world problems

The Stellar Consensus Protocol (SCP) exactly coordinates with real-life business arrangements.

Based on the architecture of the internet, the SCP employs a Federated Byzantine Agreement (FBA) model to reach the decentralized consensus. Thus, eliminating any gatekeeper and central authority.

Anyone with an internet connection can join the Stellar universe.

In this universe, similar to the real world, participants get the ability to choose who they want to trust to share the information.

For validating a transaction, participants in it do not require the complete network to agree. It’s only the other members that it cares about.

Each participant, and the ones it trusts forms up what’s exclaimed as ‘Quorum Slice.’ Participants can join multiple slices. And, if the slices are overlapping, it refers to as ‘Quorum Intersections.’ These intersections are the reason it has become possible to create a stable and secure system-wide consensus.

Stellar aims to propel global financial access with cutting-edge innovation.

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