Stellar is an open network for storing and moving money.
The Stellar Consensus Protocol does not rely on proof of work, or proof of stake, but rather uses a federatedFederated Byzantine agreementAgreement (FBA) which is a generalization of the Byzantine agreement problemByzantine agreement problem.
The Stellar protocol is developed by the not-for-profit Stellar Development Foundation, created by Jed McCaleb and Joyce KimJoyce Kim in 2014. Stellar is intended as an open global platform to connect banks, payment systems, and individuals to reduce cost of payments like global remittance.
