not just banks.
not just banks.
Tellus’ mission is to create a system of economic cooperation between small businesses and workers, by implementing decentralization and rewarding end-users when working together and making sustainable choices.
We envision equal opportunities for all. Creating a system that reshapes the way markets sustain themselves. We strive to create new pathways for sustainable thinking, cooperative-driven investments, and support networks for workers.
Stellar is an open-source blockchain-based distributor ledger that allows transactions between banks, payment systems, and everyday people. Stellar is fast, comparatively cheaper than other networks, and built with a globalized economy in mind. We envision equal opportunities for all. Creating a system that reshapes the way markets sustain themselves in a global escale. We strive to create new pathways for sustainable thinking, cooperative-driven investments, and support networks for workers.
Stellar was founded after Bitcoin but before Ethereum. Stellar helps with remittances all over the globe without needing a controlling entity to serve as an intermediary between asset types. Stellar’s PathPayment operation allows the exchange of one asset to another in just one transaction. So, a private account can send funds in US dollars, and a receiving account in Argentina can receive those funds in Argentinian Peso with no external swaps. The best part is that there is no need to go to the bank to use these assets. Stellar’s anchor providers make all this possible. Anchored assets are pegged 1:1 to local fiat and have built-in rails to enter and exit local banking systems. Stellar ability to create tokens within their network helps institutions adopt the blockchain with their internal logic and use anchors to enter or exit the crypto space.
Some of the benefits and advantages of Stellar over other blockchains are:
what are anchors and why are they important?
Cross-border payments are subject to different countries’ policies. These policies introduce many problems to achieve a globalized network of remittances. Anchors are a part of the Stellar network and hope to solve this problem by associating local financial institutions to the Stellar blockchain. Anchors are fintech companies or their financial institutions with the function of releasing tokens interoperable with other currencies. Banking institutions back anchored assets and fit compliance needs specific to each country. Anchors facilitate the incorporation of established financial actors in local economies and aid the transparent exchange of stable coins between countries with little extra effort or hidden fees.
Turing Complete Signing Servers (TSS)
Turing Complete Signing Servers (TSS) is a parallel network of servers aiming to deploy, sign, and store Stellar Smart Contracts (SSC). TSS servers are known as Turrets and facilitate the use of Smart Contracts in the Stellar blockchain. Users can upload SSC to any Turret to conduct an automatic transaction.
Once a smart contract is created for the transaction, it is saved in TSS in exchange for a public key. The public key is then used to facilitate funds transfer in a separate account where the contract is stored.
If you want to learn more, join our discord channel! We will be releasing our wiki soon with much more information