The Stellar Foundation released details on its new Stellar Consensus Protocol, based on federated Byzantine agreement, designed to replace the existing consensus mechanism. The protocol has been stress-tested to handle 100 million accounts and hundreds of transactions per second, with deployment targeted for summer.
The Stellar Foundation published the Stellar Consensus Protocol, a new consensus mechanism based on federated Byzantine agreement principles, alongside a white paper by Stanford researcher David Mazieres. The protocol aims to replace Stellar's existing consensus system following network issues in September. Founder Jed McCaleb stated the protocol was designed for scalability, with stress testing showing it can handle 100 million accounts and hundreds of transactions per second. The release included code, documentation, and educational materials. Testing is underway on a small test network, with deployment targeted for summer. Partner organizations are waiting for the launch before integrating with the network.