Stellar blockchain vs Ethereum virtual machine (EVM)-based blockchain

The Stellar blockchain was established in 2014 by Jed McCaleb and Joyce Kim and is anonymous and free to use, designed to be easy and quick for people and groups to send and receive money. It utilizes distributed ledger technology to make transactions fast and safe and one of the most important things about the Stellar blockchain is that it employs the Stellar Consensus Protocol (SCP) which is a method that helps the network execute without a single authority. This makes it possible for the Stellar blockchain to function without a single hub and by using cryptographic security, data is stored and transactions can be executed securely. Using different currencies is another important part of the Stellar blockchain with Lumens (XLM), the platform's digital currency, making transactions between foreign currencies easier. This allows for the movement of money between different countries to be quick and easy without the need for middlemen or complicated trade processes, so offering an alter…