Mon. Sep 26th, 2022

The Stellar blockchain is confirmed through a process called “consensus.” Consensus is when all the nodes on the network agree on the state of the blockchain. They do this by comparing the blockchain they have with the blockchain of every other node on the network. If there is a disagreement, they will vote on which blockchain is the correct one. The Stellar blockchain is confirmed when a supermajority (at least two-thirds) of the nodes on the network agree on the state of the blockchain.

Other related questions:

Q: How many confirmations does Stellar have?

A: According to the Stellar website, Stellar has a total of 5 confirmations.

Q: What blockchain does Stellar use?

A: Stellar uses a blockchain that is based on the federated consensus model

Q: How does the Stellar blockchain work?

A: The Stellar blockchain is a public ledger of all transactions made on the network. The ledger is maintained by a network of decentralized servers, which are run by individuals and organizations all over the world.

Each server stores a copy of the ledger and uses the consensus protocol to reach agreement on which transactions should be added to the ledger. When someone wants to make a transaction, they submit it to the network of servers. The servers then validate the transaction and add it to the ledger if it is valid.

The Stellar blockchain is different from other blockchains because it uses a consensus protocol instead of mining. This means that there is no need for energy-intensive mining operations, and the network can reach consensus much faster than other blockchains.

The Stellar network also has a built-in token called Lumens (XLM). Lumens are used to facilitate transactions on the network and to ensure that all users have access to the ledger.

Q: How long does Xlm take to confirm?

A: It usually takes a few minutes for XLM to confirm.


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