DESOSA 2021

Stellar

Stellar is an open network for storing and moving money around the world using blockchain technology. Compared to other cryptocurrency networks, Stellar distinguishes itself by focusing on low transaction fees and easy access in third world countries. Whilst Stellar is the name of both the crypto network and the accompanying protocol, Lumens are the tokens that are supplied by the same foundation that created Stellar. (Stellar) Lumens are built on top of the Stellar protocol.

Authors

Jeroen van Steijn

Co-founder of Bytecode & first-year MSc Computer Science with specialization in AI

Marc Droogh

Master Computer Science student interested in AI, Software Development and finance

Erwin Dam

Master CS student interested in Software Development, Data Science, and AI.

Mathijs de Wolf

MSc Computer Science student with specialization in bioinformatics

Stellar - Distribution Analysis

Figure: Stellar Logo Stellar’s vision is to integrate blockchain technology with the current financial system. The primary differentiation between the two is the fact that blockchain is decentralised. It is a form of a distributed system. Thus, it is worth analysing how the distributed system works, what information it exchanges between its components, whether there is any redundant information in case of a failure, how reliable this distributed system is, and what trade-offs are made within the system.

Stellar - Quality and Evolution

Figure: Stellar Logo Software quality is an essential factor in the success of a software project. It impacts the system’s reliability and, therefore, the user’s trust, which is especially important for virtual currency holding systems such as Stellar. In this essay, we will look at the processes that Stellar has to ensure a high standard of software quality. We will go into the technical details with their CI setup and testing system and highlight the most often-changed and impactful components.

Stellar - From Vision to Architecture

Figure: Stellar Logo Last week we examined Stellar and its vision on banking. The underlying architecture used to design the Stellar platform supports this vision. This post will look into this architecture and how it relates to Stellar’s product vision. More specifically, we will discuss the individual components and their relations and how design decisions impact operations. Architectural Style Above all, Stellar is a decentralised and distributed architecture.

Stellar - Product Vision

Figure: Stellar Logo In a world that is more connected than ever, making payments across borders still has its limitations: one often has to work with multiple banks and intermediaries to transfer money internationally. This is where Stellar steps in. Through Stellar, the Stellar Development Foundation (SDF) aims to connect the different financial systems worldwide. Stellar is an open-source and decentralised platform where people can store and transfer money using any currency they like.