According to Denelle D Harrison, CEO of Stellar Development Foundation, the ease with which value can be moved both on and off a blockchain is crucial for its success. Harrison emphasized the need to merge traditional finance systems with blockchain technology in order to facilitate widespread acceptance.
Since the outset, our goal has been to make transferring funds as seamless as sending emails. However, we came to realize that achieving this required providing access points and couldn’t solely depend on dealing with unpredictable cryptocurrencies.
Dixon, a seasoned trial lawyer and ex-executive at firms like Yahoo and Mozilla, attributed her entry into the blockchain world to Stellar’s founder Jed McCaleb. She highlighted three key reasons for her interest in Stellar: its emphasis on tokenization, swift and affordable transactions, and potential benefits for underdeveloped economies.
Dixon emphasized the importance of Stellar’s capability to split assets into units (tokenize) and connect directly to traditional payment systems and interfaces (fiat rails and gateways) in enhancing user experience. She also pointed out the divisiveness within the blockchain circle, which she believed hinders the progress of utilizing the fundamental technology.
“Dixon found it quite amusing. Despite the presence of tribalism, we often magnify the issue rather than concentrating on authentic truths. This was illustrated by recent disruptions and traffic jams affecting prominent communication channels,”
Dixon stressed that those spearheading the adoption of decentralized protocols hold the conviction that the market isn’t dominated by a sole victor. The Stellar Development Foundation initiated smart contracts on the Stellar network via Soroban, to cater to the demand for sophisticated programming capabilities and establish a fresh ground for developers.
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2024-04-19 13:58