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Differences between Stellar and Bitcoin

Let’s face it, Bitcoin is the Juggernaut of digital currencies at the moment. So what makes Stellar network any different from Bitcoin you might ask; aren’t they all invisible money? Having used Bitcoin and Stellar, here are the major differences.

  • Stellar transactions are faster than Bitcoin transactions because stellar uses a consensus algorithm which resolves faster than mining.
  • Stellar has a lower transaction fee.
  • Supply of Lumens is to be increased at a fixed rate of 1% annually.
  • Stellar network enables you to transact in arbitarily any currency/asset you can think of.

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