Stellar Now Open to Developers Following Network Upgrade
Developers will now be able to build on Stellar's distributed network following an upgrade to its codebase which will also protect it against forking. According to a blog post by founder Jed McCaleb, the upgraded network is now more secure, scalable and modular than before. He added: 'The Stellar Consensus Protocol (SCP) optimises for safety rather than liveness when the network loses quorum - meaning the system is secure against forking. The Stellar Core code is now more comprehensible and elegant. Less than half the size of the previous codebase, it runs faster and uses less memory and....
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The Stellar Development Foundation (SDF) will enable an automated market maker (AMM) functionality via Protocol 18. The implementation will take place with a network upgrade, but a specific date is yet to be revealed. In an official post, the SDF claims that the new functionality will help improved market liquidity. The Stellar Network has been […]
The launch of Stellar’s new protocol was received positively by the crypto market, coinciding in a 100% price rise for XLM across the last 48 hours. The price of Stellar Lumens (XLM) shot up 60% in the past 24 hours and crossed the 20 cent mark for the first time since Sept. 2018. The ‘stellar’ price action followed an announcement by the project’s developers that a new version of the Stellar public network protocol had been implemented by validators. The Protocol 15 upgrade was voted into effect at 4:00 PM UTC on Nov. 23 and introduces two new features that aim to reduce the level of....
Stellar is a fully decentralized payment network that allows anyone to send and exchange any currency. It can act as a decentralized exchange for bitcoin. Why Stellar? After years of working in the fintech space, I realized that the world’s financial infrastructure is fundamentally broken, leaving billions without resources. As a result, Joyce Kim and I co-founded Stellar.org to create an open standard for financial technology. Since anyone can participate in the network, it can be particularly helpful for the 2 billion unbanked people worldwide. Since the launch of Stellar, we’ve....
Stellar Development Foundation (SDF), a non-profit organization focused on the growth of Stellar blockchain, has launched a $100 million fund to accelerate native smart-contract adoption. Soroban, the smart-contract platform that builds on the Stellar network, will incentivize funds among developers to create new tools and applications for better network performance. Opposite to the current market […]
A recent unintended ledger fork in the Stellar network led to a temporary disruption of its transaction system and a broader debate about the integrity of the Ripple consensus protocol. The debate began on 5th December, when Stellar Development Foundation (SDF) executive director Joyce Kim published a blog post outlining a fork in the Stellar network that the company attributed to problems within the Ripple consensus protocol. Both Ripple Labs and Stellar use the open-source protocol to provide competing transaction networks that allow fiat money to be sent over the blockchain. The....