What could become the hottest digital coin of 2018 climbed in price from Friday December 29th 2017 more than 65 percent to become the 8th largest cryptocoin by capitalization on Tuesday January 2nd with a market cap of $10 billion.
|On the same day, the price rose 17.5 percent to 56.4 cents.|
Stellar is an open-source protocol for exchanging money. Servers run a software implementation of the protocol, and use the Internet to connect to and communicate with other Stellar servers, forming a global value exchange network. Each server stores a record of all “accounts” on the network. These records are stored in a database called the “ledger”. Servers propose changes to the ledger by proposing “transactions”, which move accounts from one state to another by spending the account’s balance or changing a property of the account. All of the servers come to agreement on which set of transactions to apply to the current ledger through a process called “consensus”. The consensus process happens at a regular interval, typically every 2 to 4 seconds. This keeps each server’s copy of the ledger in sync and identical.
Previously published in the Digital Journal