Stellar launches - Ripple-like decentralized ledger

Looks like a fork of rippled, but that's purely conjecture at this
point... haven't looked into the details:

"Stellar is a decentralized protocol for sending and receiving money in
any pair of currencies. This means users can, for example, send a
transaction from their Yen balance and have it arrive in Euros, Yen, or
even bitcoin. We’re expecting to support the usual categories of
transactions: payments to a merchant, remittances back home, or rent
splits with a roommate.

You can hold a balance with a gateway, which is any network participant
you trust to accept a deposit in exchange for credit on the network.
Stellar also comes with a built-in digital currency, referred to as the
stellar, which we’re giving away for free. The currency will have value
(as determined by the market); however, its primary function is
providing a conversion path between other currencies.

We hope that people will build applications on top of Stellar to help
bridge the gap between digital and traditional currencies."

-- manu

Manu Sporny (skype: msporny, twitter: manusporny, G+: +Manu Sporny)
Founder/CEO - Digital Bazaar, Inc.
blog: High-Stakes Credentials and Web Login

Received on Thursday, 31 July 2014 19:05:25 UTC