An Introduction To Stellar And XLM: Mission, Control, And Consensus

This project is an enigma. On the one hand, Stellar is not for profit, it doesn’t have owners or shareholders, and strives to be somewhat decentralized. On the other, Stellar is a compliance-focused protocol, and its directors often meet with shadowy organizations like the World Economic Forum. According to their website, the protocol seeks “to unlock the world’s economic potential by making money more fluid, markets more open, and people more empowered.” Fine, but, at what cost? Related Reading | Stellar To Power VISA’s New Partnership, XLM Begins Breakout According to the legend, Stellar is a Ripple fork. However, as you’ll see below, that’s not exactly true. Founder of the infamous Mt. Gox cryptocurrency exchange and co-founder of Ripple, Jed McCaleb, launched Stellar in 2014. Joyce Kim, a lawyer, was his partner in the venture. Stripe financed the initial operation. The native currency of the whole Stelar ecosystem is called Lumen or XLM. Stellar’s Mission And Approach The recently appointed CEO and Executive Director of the Stellar Development Foundation, Denelle Dixon, was recently interviewed by Securities.io. “The vision is big: Stellar and SDF hope to unlock the world’s economic potential by making money more fluid, markets more open, and people more empowered,” she told them. On its website, Stellar justifies its existence by telling us. “The way the global financial establishment is structured today, people are...