Moving money across borders quickly, reliably, and for fractions of a penny never has been too easy. With Ethereum X now we can connect banks, making payments and trusting people all over the world without worrying about double spending issues.
Powered by Stellar Lumens
While Bitcoin and Ethereum are facing large scalability issues Stellar came across with a solution triggering one of the most impressive growing in the Blockchain industry. With the Stellar Consensus Protocol (SCP) Ethereum X can acomplish the Satoshi’s vision in a scalable and futuristic view.
Over the Stellar Network happens the fastest transactions ever build on the Blockchain. 2 ~ 5 seconds and your payment will be on your wallet. A transaction on the network consists of one or more operations. Payments, offers, and fees are all examples of operations that could make up a single transaction.
Small cost fee
If too many transactions are submitted, nodes propose the transactions with the highest fees for the ledger’s transaction set. The consequence is just 0.00001 xlm fee on the overall network. Less than both Ethereum and Bitcoin and with also a much better transaction speed.
Stellar uses industry-standard public-key cryptography tools and techniques, which means the code is well tested and well understood. All transactions on the network are public, which means the movement of funds can always be audited. Each transaction is signed by whomever sent it using the Ed25519 algorithm.
Solving Scalability Issues
A conservative estimate of Ethereum X processing rate is 1000 operations per second. The distributed Stellar network is made up of servers running the Stellar Core software. Stellar Core maintains a local copy of the network ledger, communicating and staying in sync with other instances of Stellar Core on the network.