Definition ∞ The Stellar Network is a distributed ledger technology designed for fast, low-cost cross-border payments and asset transfers. It facilitates the creation and exchange of digital representations of fiat currencies, cryptocurrencies, and other assets. Stellar’s protocol is optimized for high transaction throughput and minimal transaction fees.
Context ∞ Stellar Network is frequently in the news regarding its partnerships with financial institutions for payment solutions and its development of stablecoins. Discussions often focus on its role in facilitating remittances and enabling access to financial services in emerging markets. Key developments include upgrades to its consensus protocol and expansion of its ecosystem of digital assets.
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