Stellar is an open-source network for currencies and payments. Stellar makes it possible to create, send and trade digital representations of all forms of money—dollars, pesos, bitcoin, pretty much anything. It’s designed so all the world’s financial systems can work together on a single network.
Stellar has no owner; if anything it’s owned by the public. The software runs across a decentralized, open network and handles millions of transactions each day. Like Bitcoin and Ethereum, Stellar relies on blockchain to keep the network in sync, but the end-user experience is more like cash—Stellar is much faster, cheaper, and more energy-efficient than typical blockchain-based systems.
The Stellar network launched in 2014. Since then it’s processed more than 450 million operations made by over 4 million individual accounts. Large enterprise companies and companies as small as single-dev startups have chosen Stellar to move money and access new markets.
From the beginning, Stellar has been cryptocurrency-adjacent, but the software has always been intended to enhance rather than undermine or replace the existing financial system. Whereas, say, the Bitcoin network was made for trading only bitcoins, Stellar is a decentralized system that’s great for trading any kind of money in a transparent and efficient way.
The Stellar network has a native digital currency, the lumen, that’s required in small amounts for initializing accounts and making transactions (you can read more about that here) but, beyond those requirements, Stellar doesn’t privilege any particular currency. It’s specifically designed to make traditional forms of money—the money people have been spending and saving for centuries—more useful and accessible.
For example, here’s what you can do with Stellar. You can create a digital representation of a U.S. dollar—on Stellar you’d call this a “dollar token”—and you can tell the world that whenever someone deposits a traditional dollar with you, you’ll issue them one of your new tokens. When someone brings that “dollar token” back to you, you promise to redeem it in turn for one of the regular dollars in that deposit account. Essentially, you set up a 1:1 relationship between your digital token and a traditional dollar. Every one of your tokens out in the world is backed by an equivalent deposit. So while people hold the tokens, they can treat them just like traditional money, because they know that they’re exchangeable for traditional money in the end.
Ziggurat (ZIG) token in Stellar blockchain
ZIG token is now available also in Stellar blockchain. This will provide our user with superior transaction fees what are only a small fraction of ERC20 type tokens transaction fees. Also transaction is taking only few seconds.
ZIG token address in Stellar blockchain is GAFXW32VI2IHYS5GTBKMLNA5F4YLZ7OYUXXFKTU3JZHRTCD33KGZPVFC
This is the same address you must add trustline in your wallet application to accept or buy ZIG tokens.
Initially total amount of ZIG tokens together in ETH and Stellar chains was same 531M, so no additional tokens were emitted. Sending tokens back to ZIG address will burn them and reduce total number available. This is giving a chance to play on long position for token price rise. At the moment total tokens amount is 530,998,269.
Ecex Exchange is serving as anchor between ETH and XLM blockchains allowing our customers to deposit and withdraw in both chains and this way swap between ERC20 and Stellar representation of ZIG tokens.
You can see more details about ZIG token in stellar explorer https://stellar.expert/explorer/public/asset/ZIG-GAFXW32VI2IHYS5GTBKMLNA5F4YLZ7OYUXXFKTU3JZHRTCD33KGZPVFC