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Stellar (payment network)

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Internalisation Engine Order execution engine that seamlessly pre-matches internal pools of liquidity before sending to exchange. Aggregator Facilitates trading of aggregated instruments on any number of exchanges. Archived from the original on December 12, Retrieved August 28, Proof of authority Proof of space Proof of stake Proof of work.

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When asked whether the Stellar network could be called a decentralized one after the incident, Hartej Sawhney, a blockchain expert and co-founder of Hosho, replied negatively, but clarified that no project is decentralized today, as the concept has yet to be properly implemented. SDF has outlined a number of ways to make the network more decentralized and stable at the same time, as part of consequence management.

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SDF also hopes to achieve better operational standards. Moreover, SDF aims to improve better monitoring and alerting to warn node hosts about which crucial nodes are missing from the network, as well as to arrange bot-created announcements in the public validators channel anytime a node goes offline. Improved communication will also ensure that the network can be brought back online much quicker, the nonprofit suggests. Considering that SDF seems to prioritize consistency and partition resilience over network liveness, Stellar moving from the safety of trusted SDF nodes to a more decentralized scenarios could result in new system collapses, Shani of Aykesubir said.

Time will tell if the nonprofit manages to reinforce its network to prevent further closedowns, but for now, Stellar could be joining the ranks of other major crypto projects that are criticized for a lack of decentralization.

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Cointelegraph has reached out to Stellar for further comment and will update this article once more information is obtained. Opinion In Depth Quiz.

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Expert Take Interview. Top 10 Cryptocurrencies Market Analysis. Explained People Bitcoin DApplist Events Press Releases. MAY 20, Stephen O'Neal. Follow up. Brief introduction to Stellar and its network Stellar is a platform for money remittance.