Stellar Ecosystem
News

A legal dispute over $1 million in XRP held by Bitstamp involves Ripple Labs, Stellar Development Foundation, and founder Jed McCaleb. The case centers on whether McCaleb breached a settlement agreement by selling XRP through his cousin, with both parties seeking the frozen funds and disagreeing on jurisdiction and discovery procedures.

The Stellar Consensus Protocol (SCP) introduces federated Byzantine agreement, a consensus mechanism that achieves decentralized control, low latency, flexible trust, and asymptotic security simultaneously. SCP enables a worldwide financial network where participants reach agreement without relying on centralized institutions.

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.

Stellar.org introduces the Stellar Consensus Protocol (SCP), a federated Byzantine agreement mechanism designed for decentralized payments. SCP offers four key properties: decentralized control, low latency, flexible trust, and asymptotic security, with a new open-source codebase now available for peer review.

Bitstamp filed a legal complaint over $1m in disputed funds from a 96m XRP sale allegedly made by Jed McCaleb in violation of his agreement with Ripple Labs. McCaleb, who co-founded Ripple before leaving to establish Stellar, claims the XRP were gifted to family members before the agreement was finalized.

Stellar Development Foundation announced a public auction of stellars via Haste.co.nz, with 650 million STR placed at a 30-day trailing average price of $0.0031/STR. Bitcoin trading was added via Poloniex and Kraken to maintain price parity.

A New York Observer investigation details alleged interpersonal conflicts between Ripple Labs and Stellar founders Jed McCaleb and Joyce Kim, claiming the feud disrupted crypto adoption efforts at Wells Fargo and derailed a Stripe acquisition deal.

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.