When we started building Superbloom last year, the first and most important decision was what blockchain technology to build on. After thorough analysis of platforms, we chose Stellar Network, and we coordinated the effort with Jed McCaleb, Stellar’s Co-Founder and CTO. Jed was Co-Founder and CTO of Ripple. He now serves as Superbloom’s Technology Partner. Here are the six main reasons we built on the Stellar Network.

1) Time-tested Stability

Stellar has been in use continuously for nearly four years, and has been repeatedly refined and improved. Stellar has become one of the most trusted names not only in crypto, but in the world of financial transactions in general, as many financial institutions. We believe Stellar will be the backbone of a future crypto-based world market.

2) Enterprise Grade Security

Stellar is a public decentralized blockchain that uses the Stellar Consensus Protocol (SCP) to guarantee token security. SCP offers transparency, an immutable ledger, decentralized control, flexible trust, asymptotic security, low latency, and the consensus method with gateways to ensure that the system stability can withstand bad actors. If you’d like to learn more about SCP, Stellar has a variety of guides and insights.

3) Non-Profit Model

Stellar was created as a non-profit with the goal of creating a public infrastructure. Stellar expands access to low-cost financial services, helps fight poverty, and maximizes every individual’s potential. We are proud to work with a company that wants to bring financial power to the people — it is aligned with our mission. On a more pragmatic level, the nature of Stellar’s aims as a public infrastructure make it an ideal network on which to build a token. Stellar offers built-in exchanges with all currencies on the network (crypto and otherwise), and is built to maximize utility to its users, rather than to derive maximum profit for its creators. This is most noticeable when we look at…

4) Incredibly Low Transaction Fees

Most currency platforms are for profits, which mean they derive profits from transactions fees. Even most crypto platforms like Ethereum have gas costs. In comparison to every other platform we considered, Stellar’s transaction fees are a fraction of the price. A single US penny covers nearly 500,000 transactions on Stellar. A million transactions for $0.02? No other platform can offer that.

Superbloom’s Core Dev Team

5) Incredibly Fast Transaction Times

In addition to having almost non-existent transaction fees, Stellar offers an incredibly powerful distributed network thanks to the Stellar Consensus Protocol (SCP). While other networks may boast dozens of transactions per second, Stellar currently supports over one thousand (1,000) transactions per second. Transactions resolve for the end user in no more than 5 seconds total.

6) Longevity

Stellar Network’s stability and reliability has already been proven in a fast-paced environment where new networks oft disappear as fast as you hear about them. Many financial institutions already rely upon it for transactions, and it is becoming more central every day. Stellar’s mission to become a public infrastructure for all currencies — not just cryptocurrencies — makes it even more likely that it will be widely adopted. The low transaction fees and quick transactions appeal to both tokens and end users. Stellar is the ideal technology to build a currency exchange.