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"Sticky -  ## STELLAR BASICS ##
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#1
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MAJOR STELLAR CONCEPTS
Learn on How the Stellar Network Operates to get an overview of the technology and follow the path of a payment.
Get an overview of the technology and follow the path of a payment
Learn what, exactly, a decentralized network is and read brief explanations of Stellar concepts such as consensus, trust, and credit.
Brief explanations on decentralized network of Stellar concepts



USING STELLAR: INTEGRATION
We refer to the technical process of connecting to Stellar as integration.
In general terms, integration means configuring your systems to talk to the Stellar network.



INTEGRATION PROCESS
The Stellar integration process is relatively straightforward. First, identify the use case that is most appropriate for your business.
See Stellar use cases
Next, your technical team will set up database tables, write code to listen to the Stellar ledger, conduct transactions, and test your integration.
Stellar offers software, tools, and documentation to assist the technical side of the integration process.
Go to developer documentation



START-UP COSTS AND INTEGRATION FEES
The Stellar network is free to use.
All of the software necessary for integration is licensed under the Apache License, version 2.0. This license permits commercial use, modification, and/or distribution.
Integrators will need to dedicate technical resources to integrating with Stellar. It typically takes between 120-200 hours of technical development, depending on the size and experience level of your developer team.



COMMERCIAL RESTRICTIONS
There are no restrictions on any commercial use of the Stellar network.
Please see Start-Up Costs and Integration Fees above for information on our open software license.



STELLAR.ORG’S BUSINESS MODEL
Stellar.org operates as a non-stock nonprofit organization. Our mission is to connect people to low-cost financial services to fight poverty and maximize individual potential.
To that end, we don’t charge people or institutions for use of the Stellar network.
Stellar.org covers operational costs in several ways:
  • 5% of the initial lumens are set aside for operational costs.
  • Stellar.org accepts tax-deductible donations from the public.

We received an initial infusion of funding from the payments startup Stripe. Our corporate donors include BlackRock, Google.org, and FastForward.



THE STELLAR NETWORK VERSUS STELLAR.ORG
The Stellar network refers to the technology that processes financial transactions. The technology is open source, distributed, and community owned.
Stellar.org is the nonprofit organization that contributes to the development of tools and social good initiatives around the Stellar network and financial inclusion. Employees contribute code to the Stellar network, but the technology is independent of the organization.
Learn about the Stellar team



STELLAR NETWORK STRUCTURE
  • Horizon API
An API is simply a set of tools and building blocks for creating software applications.
Horizon is a RESTful API that allows you to submit transactions to the network, check the status of accounts, and subscribe to event streams.
  • Stellar Core
The distributed Stellar network is made up of servers running the Stellar Core software. These servers are maintained by different individuals and entities.
Stellar Core maintains a local copy of the network ledger, communicating and staying in sync with other instances of Stellar Core on the network.
Get a technical overview of Stellar



SCALABILITY
A transaction on the network consists of one or more operations. Payments, offers, and fees are all examples of operations that could make up a single transaction.
Depending on hardware and network configurations, a conservative estimate of Stellar’s processing rate is 200 operations per second.



TRANSACTION FEES
There’s a nominal fee, referred to as a base fee, associated with each operation in a transaction.
The base fee functions as a deterrent: Though nominal, it discourages users with malicious intentions from flooding the network with transactions (otherwise known as a DoS attack).
The base fee is currently set to .00001 XLM—a fraction of a fraction of a penny. The sender of the transaction incurs the fee.
No one profits from the base fee. The ledger collects the fees and redistributes them in the process of inflation.



RESOLVING DISPUTED TRANSACTIONS
While transactions are irreversible on the Stellar network, it is possible to freeze the assets you issue.
Freezing an asset renders the asset valueless to the user, ensuring that it can only be sent back to you.
For example, let’s say you accidentally credited the wrong customer account with ₦200. You can simply freeze those naira, preventing the customer from spending any mistakenly sent funds. Freezing an asset is a simple operation that takes effect within 3-5 seconds.



RISK AND THE STELLAR NETWORK
The Stellar network mitigates risk through a decentralized and distributed structure.
If Stellar.org were to disappear, the network would continue to confirm transactions, and anchors could still integrate with the network at any time. All Stellar Core validators are run by community members external to Stellar.org.
Stellar.org runs a pair of non-validating read replicas and archives history to our own Amazon S3 buckets.



COMPLIANCE AND REGULATION
Stellar is software—think of it as the middleware that sits between financial products and institutions. As such, we are not a licensed financial institution.
If your organization plans to accept deposits and issue credits on the Stellar network, it is likely you will need to be a licensed money services provider (MSP) or mobile money operator (MMO).
All integrators should heed the regulatory environment of their organization.



KYC AND AML
Integrators are responsible for implementing all KYC/AML identity verification requirements.
However, Stellar has produced tools to help financial institutions with their integrations. Integrators may find the compliance protocol helpful.



SENDING AND RECEIVING PAYMENTS ON STELLAR
For more information on the KYC process mentioned in KYC and AML above, consult these diagrams:


PRIVACY OF TRANSACTIONS
All transactions on the network are public.
With third-party tools like Lightning, private transactions are possible. Consult your technical team on whether such tools would work for your implementation.



SECURITY BEST PRACTICES
Our recommended design is to use at least two Stellar accounts: a base account and an issuing account.
Issuing accounts can serve as the intermediary pool between the base account and customer’s accounts.
A base account’s credentials should be kept on a computer that is not connected to the Internet and cannot be compromised.
Ensure that all of your assets are marked AUTHORIZATION REVOCABLE so you can freeze them in an erroneous situation.
Advise technical teams to follow the configuration recommendations outlined in the developer documentation.





LOW-BANDWIDTH ENVIRONMENTS
Though transactions require an Internet connection at the moment, tools for low-bandwidth environments are in development.
Reply
#2
The more confident with stellar..stellar is the best ..

May the stellar price in the market has been rising
Reply
#3
Instead of solely focusing on the coins. Why not have some more (easy to find and use) how to's on using the forums.
You are promoting it as a social coin, yet all the focus seems to be on the coin, the wallet, the money.
How about a bit of focus on the community as well? otherwise, what is the point in the forum?
Reply
#4
(16-02-2017, 02:12 PM)BillyNomates Wrote: Instead of solely focusing on the coins. Why not have some more (easy to find and use) how to's on using the forums.
You are promoting it as a social coin, yet all the focus seems to be on the coin, the wallet, the money.
How about a bit of focus on the community as well? otherwise, what is the point in the forum?

thats great idea, but isnt this is the purpose of this forum? building community?
well the dev should endorse it, not only the building minded



Ngamuk3
what the hell, to ADMIN?!!!   why posting needs to wait 350seconds?
i say decrease the reward, onto 50XLM if thats what you avoid, but reduce the time atleast 50% too
Reply
#5
I think the reward is not related to the interval timing between posting. Neither shortening the timing nor reducing the reward will result in a better post quality. So the waiting time should be removed imo.
Reply
#6
(13-04-2017, 04:52 AM)cy2017 Wrote: I think the reward is not related to the interval timing between posting. Neither shortening the timing nor reducing the reward will result in a better post quality. So the waiting time should be removed imo.

i agree, we all should contact the Forum IT or admin, to remove the time
it making us difficult to post, not all people are giveaway hunter, at least not me  Me
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#7
this is very usefull for me thanks for your sharing.

Reply
#8
This stuff is awesome.  I can't believe it took me this long to find out about Stellar.  I cannot wait to see what lies ahead.  I will be doing my best to spread the word.
Reply
#9
Question 
What is it specifically that makes this form of payment different from say, the other coins and blcok chains available under the same relative tech?  I am new so please excuse me if I'm asking a dumb question. Kesal2
Reply
#10
(27-04-2017, 02:11 PM)Tdiv7653 Wrote: What is it specifically that makes this form of payment different from say, the other coins and blcok chains available under the same relative tech?  I am new so please excuse me if I'm asking a dumb question. Kesal2

stellar have almost no fee, and focussing in remittance market
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#11
I wanna to create a stellar account but I do not know how to activate the account after i gonna send the minimal 20 str, who can help me?
Reply
#12
this very useful, at the first time I don't know how to make a wallet
Reply
#13
(11-02-2017, 09:48 PM)Peron96 Wrote: The more confident with stellar..stellar is the best ..

May the stellar price in the market has been rising

yeah stellar is the best coin for me Big Grin
on launching promo with fb i got 2btc from stellar from my referal and today, stellar price 1390sa and i got over 100$ bonus trading Big Grin
i think this stellar best coin and i hope next day stellar can ghrowing to the mars Big Grin
Reply
#14
(07-05-2017, 05:43 AM)lordkiehl Wrote: this very useful, at the first time I don't know how to make a wallet

In this thread they explain different wallet options: https://www.mystellar.org/thread-90.html



I'm still understanding Stellar and this thread is a great read.
Reply
#15
Thanks it explains it nicely.



I find this coin interesting.

I think this coin is going interstellar :)
Reply
#16
I think the reward is not related to the interval timing between posting.
Reply
#17
(07-05-2017, 10:24 AM)jackjokasker Wrote:
(11-02-2017, 09:48 PM)Peron96 Wrote: The more confident with stellar..stellar is the best ..

May the stellar price in the market has been rising

yeah stellar is the best coin for me Big Grin
on launching promo with fb i got 2btc from stellar from my referal and today, stellar price 1390sa and i got over 100$ bonus trading Big Grin
i think this stellar best coin and i hope next day stellar can ghrowing to the mars Big Grin

You are really so lucky. You got 2 btc  amount from stellars. Where did you got that 100$ trading bonus? I hope I also receive some lumens from the give away.
Reply
#18
In my opinion after reading this post. It is more valuable crypto than any like btc.
Reply
#19
Just my two cents.

This thread is not a tutorial, it doesn't provide any details or link to detailed pages for the different topics. (For me having links to the API documentations in not Stellar basics)
I think that you should create more focused (detailed) posts instead of one big post that explain nothing interesting.
For me it is not the basics the stellar
Reply
#20
(11-02-2017, 09:48 PM)Peron96 Wrote: The more confident with stellar..stellar is the best ..

May the stellar price in the market has been rising

yeah stellar is the best coin for me Big Grin
on launching promo with fb i got 2btc from stellar from my referal and today, stellar price 1390sa and i got over 100$ bonus trading Big Grin
i think this stellar best coin and i hope next day stellar can ghrowing to the mars Big Grin
[/quote]
You are so lucky man
Do you want to tell me . how to get it

Sent from my 1201 using Tapatalk
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