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1 Level
11 Review
7 Karma

Review on Stellar by Thi Le

Revainrating 5 out of 5

the mission of the Stellar Development Foundation (SDF) is to promote global…

the mission of the Stellar Development Foundation (SDF) is to promote global financial access, literacy, and inclusion – which is achieved through providing developers with the technology to create financial products and services for their communities.




Pros
  • Both Stellar (XLM) and Ripple (XRP) were spearheaded by Jed McCaleb.
Cons
  • The biggest problem I see is that the currency can't be mined, thus giving no real incentive for anyone to form a node on the Stellar network. Hence, I feel that Stellar will become a network of a few gateways, leading to low adoption and low trust in the network.