Stellar Ecosystem
News

Stellar co-founder Joyce Kim discusses the project's launch challenges, consensus protocol issues being addressed by Chief Scientist David Mazières, and efforts to drive developer adoption and financial inclusion in emerging markets like Nicaragua and Vietnam.

A ledger fork in the Stellar network sparked debate over the Ripple consensus protocol's safety. Stellar Development Foundation attributed the incident to protocol flaws, while Ripple Labs disputed the claims, arguing the issue stemmed from Stellar's modifications to the code.

Stellar experienced a ledger fork due to weaknesses in its Ripple-based consensus algorithm. The network temporarily switched to a single validator node and is prioritizing development of a new provably correct consensus system to prevent future forks and double-spend risks.

The Future of Money & Technology Summit in San Francisco featured a dedicated digital currency track with discussions on bitcoin, blockchain, and Stellar. Panelists highlighted emerging markets as key to cryptocurrency adoption and discussed innovations like sidechains.

Stellar Development Foundation removed a partial payments feature from the protocol after discovering it could cause fund loss if anchors weren't aware of the DeliveredAmount field requirement. The legacy feature has been eliminated and all known anchors were notified.

Stellar network experienced a 16-hour outage on September 20, 2014, caused by validator nodes running out of RAM, halting consensus and all transactions. The foundation addressed communication gaps and began work on scalability improvements to prevent recurrence.

Stellar, a decentralized gateway for digital currency to fiat transfers founded by Jed McCaleb, officially launched with a native currency called 'stellar' distributed free to users. The platform aims to bridge fiat and digital currencies for mainstream adoption.