Stellar is a blockchain platform that connects banks, payment systems, and people, uniting the world’s financial infrastructure so money can flow quickly and cheaply between banks, businesses, and people.
For people sending money to family members overseas, Stellar offers a cheaper, faster alternative to traditional money transfer services.
Stellar lets banks, businesses, and people turn traditional assets into tokens. These tokens can then be transferred and exchanged with any other participant on the Stellar network.
The Kinesis team determined that the most effective and fit-for-purpose selection for a blockchain network for the Kinesis currencies, KAU and KAG, was the Stellar network forked to form a bespoke blockchain network.
There was one defining objective that needed to be met with this choice, and this is the ability of Kinesis gold and silver currencies to function as the high velocity, globally used currencies that form the basis for the monetary system that Kinesis is pioneering. Stellar met these primary needs in a number of ways, both technically and algorithmically.
Read the article written by Kinesis' Chief Technology Officer Jason Noorman to understand the Stellar Blockchain technology underpinning the Kinesis Monetary System - here.