Stellar Network Processes 1.8 Billion Transactions, Was 2021 Its Best Year Ever?
The Stellar Development Foundation (SDF) has published the end-of-year metrics for their ecosystem and the underlying network. Presented by Denelle Dixon, Executive Director, and CEO at the SDF, the metrics showed a significant increase across the board. Related Reading | How Stellar Will Host Ukraine’s CBDC Pilot Test With Tascombank In 2021, per the report by the SDF, the Stellar Network experienced a 32% rise in its number of total accounts with respect to 2020. The number of total accounts stands at 6 million. On the other hand, the Stellar Network has processed over 1.8 billion....
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Via an official blog post, the Stellar Development Foundation (SDF) announced a new account model called Muxed. Created to remove friction and facilitate user interaction with the account model based on this network, and the multiple services build on top of it, the Muxed accounts seem to be an important improvement for the entire ecosystem. Related Reading | Stellar Network Processes 1.8 Billion Transactions, Was 2021 Its Best Year Ever? According to the post, a Muxed account is one that combines the GABC and 64-bit integer ID to create a “virtual” account under a traditional....
Stellar joins the ranks of Ethereum and Algorand. The Centre consortium announced on Thursday that USD Coin (USDC) will soon be available on the Stellar blockchain.This marks the first time that a major stablecoin will be made available on the platform, joining the ranks of Anchor USD, WhiteStandard and some others. USDC is currently the second largest stablecoin in the market behind Tether (USDT).Circle said that USDC is expected to be available on Stellar in Q1 2021. USDC is primarily hosted on Ethereum, which holds virtually the entirety of its supply at $2.7 billion. Algorand was....
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....
On December 5, Stellar Executive Director Joyce Kim disclosed news of a ledger fork related to a failure of their consensus system. The consensus system used by both Stellar and Ripple have never been used at the scale Stellar is implementing, and the system failed to reach consensus causing a fork in the ledger. Stellar has about 140,000 active accounts per week, and over 3 million total accounts. The maximum number of total accounts the Stellar consensus mechanism has previously supported is 2.88 million. “On Tuesday night, the nodes on the network began to disagree and caused a fork of....
Blockswap Network makes the benefits of Proof-of-Stake accessible to everyone seeking out a stable yield source. The team creates new incentives for stakers and hodlers of PoS coins by preventing volatility effects and the complexity of staking processes. The growth of decentralized finance as an industry has been stellar. It now spans over $40 billion […]