Bitcoin, Stellar and Sidechains Feature at Future of Money Summit
The fifth annual Future of Money & Technology Summit brought together both bitcoin believers and traditional financial industry experts at the Hotel Kabuki in San Francisco on Monday. Organizer Brian Zisk said more than 500 people in total came to the event to learn more about how innovation, both within the bitcoin ecosystem and beyond, is changing the finance industry. While primarily focused on traditional financial technology, the summit featured a dedicated digital currency track that saw discussion on issues as diverse as bitcoin mining centralization and sidechains - a system for....
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SAN FRANCISCO, California — December 2, Stellar Executive Director Joyce Kim, Stripe CTO Greg Brockman, and Stellar Lead Developer Jed McCaleb sat on a panel and gave an overview of the Stellar project to the audience at The Future of Money and Technology Summit, a yearly fintech conference that meets to discuss the evolution of money. The panel was called “Stellar: Building a Common Financial Platform”, and the entire session was streamed live and published on YouTube courtesy of Bitcoin Magazine. “The goal of the [Stellar] platform is to be a ubiquitous layer so Stripe, Western Union, or....
Backed by mainstream payments technology startup Stripe, decentralized payment network Stellar provides a vision for how digital currency could solve real problems for people with restricted financial access. It may be no wonder then that at San Francisco's Future of Money Summit in early December, the Stellar panel was among the most popular. The digital currency community is increasingly focused on the technology's use in payments, and Stellar aims to provide a decentralized payment system that improves on bitcoin and its closest competitor, Ripple. However, since launching in July after....
San Francisco, California — On December 2, Stellar Executive Director Joyce Kim sat on a Stellar panel and gave an overview of the Stellar project to the audience at The Future of Money and Technology Summit, a yearly fintech conference that meets to discuss the evolution of money. The panel was called “Stellar: Building a Common Financial Platform”, and also included Stripe CTO Greg Brockman and Ripple Founder Jed McCaleb. The entire panel session was streamed live courtesy of Bitcoin Magazine, and Joyce Kim’s overview on Stellar is transcribed below. “Stellar is a financial protocol that....
SideChains. No, SideChains is not the brother of prominent rapper 2Chainz (although it could be in the future, you never know). SideChains were first announced by Adam Back and Austin Hill on Let’s Talk Bitcoin. SideChains are basically new “blockchains” pegged to bitcoin similar to how the dollar used to be pegged to gold before Nixon removed the dollar from the gold standard in 1973. In theory, each SideChain would service a different purpose however they would all benefit from the adoption and benefits of bitcoin. Proponents of sidechains hail it as the end of altcoins while alternative....
Sending money from Europe to the rest of the world remains a very costly affair. Money transfers and blockchain technology are two peas in a pod these days. Tempo Money Transfer, a company, focusing on remittances from Europe, integrated with Stellar. By using this technology, users can send remittances through the Stellar e-wallet. An excellent example of how blockchain technology can benefit all parties in a financial transaction. As a result of the partnership, Tempo Money Transfer clients can send global remittances from anywhere in Europe. They can do so through the Stellar e-wallet,....