Hello dear Steemians, a warm welcome to the all new discussion on **Stellar Protocol**. In today's digital age, cryptocurrencies have become a hot topic of discussion. One such cryptocurrency that has gained attention is Stellar. Stellar is not just a digital currency; it is a protocol that enables fast, secure, and low cost transactions. In this blog post, we will discuss the Stellar Protocol in a simple and easy-to-understand way. We will avoid using technical terms and explain the benefits of this protocol. ![image.png](https://cdn.steemitimages.com/DQmbLFFo8aPE3BePtxxWGRA9vPZQJucPdM7LFtjcVkHancH/image.png) [src](https://live.staticflickr.com/65535/51108688768_37c0988556_b.jpg) At its core, the Stellar Protocol is a decentralized network that allows for the exchange of digital assets. It is built on a distributed ledger technology called blockchain,which ensures transparency and immutability of transactions. Unlike traditional banking systems, Stellar does not rely on a central authority. Instead, it uses a consensus algorithm to validate and confirm transactions. One of the key features of the Stellar Protocol is its ability to facilitate cross border transactions. In the ripple protocol, decentralization is the main difference compared to the stellar protocol.Stellar is open source on the other hand ripple code is private. Stellar, on the other hand, allows for near-instantaneous transfers at a fraction of the cost. This makes it an ideal solution for individuals and businesses looking to send money globally.[[1]](https://www.stellar.org/) ![image.png](https://cdn.steemitimages.com/DQmUMMry5s3Lr6Qc5y2xrMQCNHtXvGignGb8SptwR6qmw1y/image.png) [src](https://walloftraders.com/blog/wp-content/uploads/2022/11/ftx-3.jpg) Another advantage of the Stellar Protocol is its focus on financial inclusion. Many individuals worldwide lack access to conventional banking services. Stellar aims to bridge this gap by providing a platform for anyone to create and issue digital assets. This opens up opportunities for individuals to participate in the global economy, even without a bank account. Furthermore, Stellar has a built-in decentralized exchange, which allows for the seamless conversion of one digital asset to another. This feature eliminates the need for third-party exchanges,reducing the risk of hacking and increasing overall efficiency.[[2]](https://www.stellar.org/protocol)

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