Getting Started with Stellar

About Stellar & Soroban

Stellar is an open-source, decentralized protocol for digital currency to fiat money transfers which allows cross-border transactions between any pair of currencies. Soroban is Stellar's new smart contracts platform, designed to be more efficient and developer-friendly.Key points about Stellar and Soroban:

1. Open Network: Stellar is an open financial network anyone can build on and use.

2. Fast Transactions: The Stellar network can handle thousands of transactions per second with minimal fees.

3. Multi-Currency Support: Stellar can work with any money, including crypto and traditional currencies.

4. Smart Contracts: With Soroban, Stellar now supports advanced smart contract functionality.

5. Energy Efficient: Stellar uses a consensus mechanism that is more environmentally friendly than proof-of-work systems.

6. Developer-Friendly: Soroban is designed to facilitate developers' building and deploying smart contracts on the Stellar network.

Wallets Supported

You'll need a compatible wallet to interact with the Stellar network and Soroban-based applications like GrantPicks. While the specific wallets supported by GrantPicks are not listed in the provided information, generally, Stellar-compatible wallets include:

1. Freighter (Recommended): A browser extension wallet similar to MetaMask for Ethereum.

2. LOBSTR: A user-friendly mobile and web wallet.

3. Hana Wallet: An open-source wallet built for Stellar.

It's important to note that for Soroban-specific functionality, you may need wallets that have been updated to support Soroban smart contracts. As GrantPicks is built on Soroban, it will likely support wallets compatible with Stellar and Soroban. To get started:

1. Choose a wallet from the supported list (specific to GrantPicks).

2. Create or import your Stellar account.

3. Ensure you have some XLM (Stellar's native currency) for transaction fees.

4. Connect your wallet to the GrantPicks platform when prompted.

Remember to keep your wallet credentials secure and never share your private keys with anyone.