
Stellar to Hold Hackathon on April 2nd
Stellar has announced “Stellar House NYC”, an event scheduled for April 2nd-3rd, where 50 builders will convene to collaborate on blockchain innovations. The initiative aims to facilitate collaboration among individuals working on key problems in the blockchain space. Refer to the official tweet by XLM: The future of blockchain isn't built at massive conferences. It happens when the right people work on the right problems together.⁰Stellar House NYC. 50 builders. April 2025.⁰Apply by March 3 👇XLM InfoStellar is a decentralized, open-source blockchain platform for conducting financial operations. It was founded in 2014 by Jed McCaleb, one of the co-founders of Ripple. Stellar utilizes its own consensus protocol called the Stellar Consensus Protocol (SCP), which enables faster and more reliable transaction processing compared to most traditional systems.The main goal of Stellar is to create an international platform for digital payments that brings together individuals, banks, and payment systems. A crucial aspect of Stellar's functioning is the support for the creation and exchange of “anchor” issuers who process deposits, facilitate asset issuance, and meet the requirements for developers to build products and services using these assets, with a focus on enhancing the end-user experience.Stellar has its own cryptocurrency called Lumen , which is used within the system to pay transaction fees and prevent spam.