Discover the Power of Stellar Consensus: Fast and Green Blockchain
What is Stellar Consensus Protocol?
Stellar Consensus Protocol, or SCP, powers the Stellar network. It’s a smart way for computers to agree on transactions. No mining needed. This makes it different from Bitcoin. Stellar focuses on payments and sending money across borders. SCP keeps everything secure and quick.
How Does SCP Work?
Nodes in the network talk to each other. They form trusted groups called Quorum Sets. Each node picks who to trust. Messages fly back and forth. When enough agree, transactions lock in. This happens in about five seconds. Nodes must show their identity publicly. That builds real trust.
Why SCP Beats Other Methods
Forget energy-hogging mining like in Proof-of-Work. SCP skips the puzzles. It’s not like Proof-of-Stake either. No need to lock up coins. SCP uses simple messages for agreement. This cuts costs and speeds things up. It’s kinder to the planet too. Networks run smoother without heavy hardware.
Key Features That Shine
SCP is efficient and eco-friendly. Transactions confirm fast with low energy. Transparency is built-in. Nodes and assets have public records. Anyone can join by going public. Stellar’s token, Lumens, handles tiny fees. This stops spam and adds liquidity.
Dive into Stellar with Ease
SCP makes Stellar a top choice for real-world finance. It’s open and user-friendly. Want to try it? Lumexo wallet offers easy, fast trade in the Stellar ecosystem. Jump in and explore seamless crypto swaps today.