Stellar Core is the primary software implementation of the Stellar blockchain network, serving as a distributed ledger and a Federated Byzantine Agreement system. It functions as a core node that maintains the shared state of the network and provides a runtime environment for executing WebAssembly smart contracts.
The project enables the creation and management of digital assets, including the implementation of decentralized exchanges through distributed orderbooks and automated liquidity pools. It facilitates cross-border payment settlement by routing assets via path payments and bridging digital assets with traditional banking rails through regulated anchors.
The system covers broad capabilities including cryptographic identity management, multi-signature authorization, and a comprehensive suite of smart contract tools for deployment and state persistence. It also provides infrastructure for validator node operation, historical ledger archiving, and real-time network monitoring.