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"TUTORIAL -  How the Stellar Network Operates
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#1
Get an overview of the technology and follow the path of a payment, on How the Stellar Network Operates.
[Image: illustration-01.png]
How do you send EUR to your friend using USD on the Stellar network?
Let’s start by explaining what exactly is the Stellar network and how it works.
[Image: illustration-02.png]
The Internet is made up of a network servers containing our data, 
websites, and applications.
[Image: illustration-03.png]
Like the Internet, Stellar is a network of decentralized servers 
in many locations that power a distributed ledger.
[Image: illustration-04.png]
This ledger records every transaction in the system for people and companies alike.
A complete copy of the global ledger exists on each Stellar server.
[Image: illustration-05.png]
Any entity can run a server. The network becomes more robust with more servers.
[Image: illustration-06.png]
The servers communicate with each other, 
to verify transactions and sync the ledger every 2-5 seconds. 
This mechanism is known as consensus.
[Image: illustration-07.png]
The ledger records your money as credit, which is issued by anchors. 
Anchors act as bridges between a given currency and the Stellar network. 
Banks and payment processors are good examples of real-world anchors.
[Image: illustration-08.png]
Credit is issued to your online account
—which acts like a virtual wallet
—in exchange for your deposit. 
Anchors have to be trusted to hold your money and honor your withdrawals.
[Image: illustration-09.png]
Issued credit can be sent and received between people on the network. 
Stellar has a distributed exchange, 
so you can send EUR credits to your friend using your USD credit balance. 
The network will automatically convert it at the lowest rate for you.
[Image: illustration-10.png]
Your friend will receive EUR credit, 
which she can withdraw using an anchor supporting EUR.
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#2
I wonder can anyone run server with site hosting or vps?
Thank you for your help to be active for this forum - GCJCFUX6ERQGIJTNHRF2EMDAX5ODB2SXVJGKY5WCZ6Z56VEYRHHV6ZDU
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#3
That's awesome, now I know a little about the stellar and the system
but whether using vps still can do this ?
[Image: 15 kesal.gif]
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#4
(05-02-2017, 10:27 AM)Forum IT Wrote:
Get an overview of the technology and follow the path of a payment, on How the Stellar Network Operates.
[Image: illustration-01.png]
How do you send EUR to your friend using USD on the Stellar network?
Let’s start by explaining what exactly is the Stellar network and how it works.
[Image: illustration-02.png]
The Internet is made up of a network servers containing our data, 
websites, and applications.
[Image: illustration-03.png]
Like the Internet, Stellar is a network of decentralized servers 
in many locations that power a distributed ledger.
[Image: illustration-04.png]
This ledger records every transaction in the system for people and companies alike.
A complete copy of the global ledger exists on each Stellar server.
[Image: illustration-05.png]
Any entity can run a server. The network becomes more robust with more servers.
[Image: illustration-06.png]
The servers communicate with each other, 
to verify transactions and sync the ledger every 2-5 seconds. 
This mechanism is known as consensus.
[Image: illustration-07.png]
The ledger records your money as credit, which is issued by anchors. 
Anchors act as bridges between a given currency and the Stellar network. 
Banks and payment processors are good examples of real-world anchors.
[Image: illustration-08.png]
Credit is issued to your online account
—which acts like a virtual wallet
—in exchange for your deposit. 
Anchors have to be trusted to hold your money and honor your withdrawals.
[Image: illustration-09.png]
Issued credit can be sent and received between people on the network. 
Stellar has a distributed exchange, 
so you can send EUR credits to your friend using your USD credit balance. 
The network will automatically convert it at the lowest rate for you.
[Image: illustration-10.png]
Your friend will receive EUR credit, 
which she can withdraw using an anchor supporting EUR.

Complete explanations,  thanks
Reply


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