NOWNodes is a great opportunity to join Stellar blockchain or to lighten you crypto infrastructure. Connect to XLM node, block explorer and testnet now!
Stellar (XLM) is essentially an open-source and decentralized network purpose-built to facilitate the process of global payments. It utilizes blockchain technology as a means of allowing users to transfer cryptocurrency quickly and at a very low cost associated with each transaction. The payment network has its own native cryptocurrency called Stellar Lumens, which features the symbol XLM.
The Stellar network originally launched in 2014 and has processed billions of transactions, alongside establishing partnerships with plenty of major companies.
Stellar has a ledger that it utilizes to track the ownership of all of the accounts and cryptocurrencies in the network and maintains the ledger whilst also processing the transactions with a unique algorithm known as the Stellar Consensus Protocol.
All of the balances, as well as the operations, are broadcast to the entire network every five seconds, and they are validated by computers that purposely run the Stellar software, known as nodes.
For every transaction that is pending on top of the network, the nodes are responsible for the process of verifying that the correct amount is actually transferred.
Despite the existence of many other cryptocurrencies, XLM has a lot of advantages and here are just a couple of them.
the cost of transferring the Stellar Lumens (XLM) cryptocurrency is relatively low when compared to competing blockchains, which means that it has the advantage of being one of the most affordable networks when it comes to making transactions on a global scale.
All anyone needs to do in order to access their cryptocurrency is to essentially establish an internet connection, and install software, such as a wallet that supports a cryptocurrency, or establish access to a cryptocurrency exchange in order to get the XLM cryptocurrency, making this a network open to just about anyone.
the Stellar Network is a decentralized network which means that there is not a single authority that has control over the network as well as over the XLM cryptocurrency. The community authorizes transactions and even records each transaction that gets stored on the blockchain, making it accessible to everyone.
If the Stellar network has piqued your interest and you genuinely want to begin your development process on top of the network, then you will need to gain access to a node or a block explorer.
Through the utilization of the blockchain-as-a-service provider such as NOWNodes, you can get easy access to data surrounding anything that happens on top of the network, 24/7.
What this essentially means is that you will be able to gain access to any blockchain data that you require, such as the hash rate, difficulty, block height, wallet addresses, transaction data, balance history tickers list, or anything else that you might require.
If you are the type of developer that aims to create decentralized applications (dApps), deploy smart contracts, or do just about anything else on top of the network, all of this data will be essential for your development process.
There are over 58 nodes that you can access through the utilization of the NOWNodes blockchain-as-a-service provider, and you can find the full list here.
All you have to do in order to establish a connection to a blockchain node is to navigate to the official NOWNodes website, after which you need to enter your email address and click on "GET FREE API KEY."
Once you receive the API key, you can head over to the official documentation, after which you will find all of the various commands that can be utilized in order to establish a connection.
The Stellar (XLM) block explorer is a way through which you can efficiently synchronize to the blockchain network, where the XLM block explorer will provide you with any of the data that you require from the network in real time.
Through the process of analyzing various aspects of the blockchain, such as the block height, you can get details surrounding a specific block, the number of confirmations, or other important details that can aid you throughout the development process.
Note that the API key will enable you to access a secure RPC connection and takes less than a second to connect, while all of the nodes feature an uptime of 99.95%. There are numerous plans available, and with the free plan, you can access 5,000 requests on a daily basis. There are also the standard, pro, and VIP plans available.
