About Stellar
Stellar Network
A New Era of Decentralized Finance
REAL8 is powered by Stellar, a global open-source payments platform that enables low-cost, high-access, multi-asset transactions without any bureaucratic hurdles. Stellar connects people and organizations with low-cost financial services that help fight poverty and realize individual potential.
In addition to sharing similar goals and policies, what makes Stellar the ideal platform for REAL8 is that it provides an effective solution to many of the technical issues involved in creating and distributing our CryptoCurrency around the world, such as processing cross-border payments, micro-transactions, or providing intermediary currency functionality.
Utility
The Stellar Network can be used to track, hold, and transfer any type of asset: dollars, euros, bitcoin, stocks, gold, silver, and other security tokens. Any asset on the Stellar Network can be redeemed and exchanged.
Building the Future
The Stellar network employs a Consensus Algorithm that eliminates the need for mining. This results in lower fees, transactions that are confirmed within seconds, and significantly reduced energy consumption, making it a much more environmentally friendly alternative.
Security
We highly value the security that Stellar offers. Its transaction model allows for more auditable code, and reduces the risk of external attacks. Additionally, Stellar allows issuers the option to freeze tokens in case of misuse, and to choose which nodes their transactions can be validated on.
The advantages of the Stellar Network over other financial platforms cannot be understated.
For example, when exchanging euros for dollars, the Stellar Network can speed up the conversion by matching available offers relevant to the transaction, and using Lumens to quickly execute the exchange. The same procedure performed through traditional networks can take hours or even days.
As another example, a sequence of transactions that could cost around $150 million in fees using the traditional financial system would only cost 20 cents using the Stellar Network.
Stellar Network
Global Infrastructure
Stellar provides the robust and reliable infrastructure needed to integrate REAL8 with an international service that offers low-cost asset transfers.
This includes the seamless movement of goods, securities, and financial resources across borders.
Stellar Platform Advantages
- Robustness
- Sustainability
- Fast transactions (3-5 sec.)
- Affordable transactions (0.00001 XLM).
- Complete transparency