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The Stellar Network is an open-source, decentralized protocol for transferring digital currency to fiat currency globally. It aims to provide a fast, low-cost, and scalable solution for cross-border transactions, enabling decentralized applications (dApps) and smart contracts.

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Introduction to the ecosystem

What is the Stellar Network About?

Stellar is designed to facilitate low-cost, high-speed cross-border payments by connecting financial institutions, payment systems, and individuals. It enables real-time, secure, and efficient transactions between any currencies. Stellar’s open-source blockchain allows anyone to create new digital assets and build dApps on top of it, making it ideal for decentralized finance (DeFi) and stablecoin applications.

Why Should Developers Care?

Stellar offers fast, secure, and cost-efficient ways to send money across borders and build decentralized applications. With its simple API, low transaction fees, and the ability to issue assets or create tokens, Stellar is an ideal platform for developers looking to integrate blockchain solutions into financial systems, or create innovative DeFi applications.

Learn more here.

Getting Started

Prerequisites Familiarity with blockchain technology, basic knowledge of smart contracts, and API integrations.
Tools & Resources Dev Tools: Stellar provides tools like the Stellar SDKs in JavaScript, Python, and Go, as well as Stellar Laboratory, an in-browser IDE for creating and testing transactions, and Stellar Horizon API for building web apps.

Testnet: Developers can test their applications on the Stellar Testnet, where they can freely create assets and simulate transactions without using real funds. | | Languages | C/C++, JavaScript and GO. Rust is a bonus especially for creating smart contracts. | | Set-Up Guide / Tutorials | Detailed tutorials are available in the Stellar Developer Hub, covering topics such as building on Stellar, creating assets, and submitting transactions to the network. |

Key Projects and Use Cases

Use Case Spotlight Stellar is ideal for applications that require real-time payment processing, such as remittance services, international payment systems, stablecoin management, and tokenized assets.

Roadmap & Requests for Proposals (RFPs)

Ecosystem’s Roadmap

Stellar focuses on expanding the network's utility by integrating smart contract capabilities and increasing access to financial services. The roadmap is guided by three North Stars:

  1. Open participation, innovation, and governance: Stellar aims to deliver a future-proof network by serving a diverse range of stakeholders across various industries and geographies. Key goals include building a flourishing Soroban ecosystem (Stellar’s smart contract platform), establishing a top-tier developer experience, and developing the future of Stellar governance.
  2. Everyday financial services: The Stellar network is prioritizing the development of solutions that offer accessible financial services such as savings, lending, and credit. In 2024, the focus will be on expanding functionality and scalability to make Soroban a leading smart contract platform and driving adoption of priority use cases.
  3. A trustworthy technology stack: To support widespread adoption, Stellar is committed to maintaining high standards of trust and safety. This includes developing privacy solutions, implementing a network monitoring strategy, and ensuring long-term scalability and sustainability for the Stellar network.

The Stellar Development Foundation will continue to track progress transparently through quarterly reports. You can learn more about these objectives and milestones here.