The past few weeks have been keeping us busy!
As many of you might know, there was a short period of time when the Stellar Development Foundation’s validator nodes stopped validating transactions on the network. At the same time, due to the validator issue, SDF’s public Horizon API also went down.
Even though SDF’s node and Horizon instance went offline, the Stellar network remained online. Enough validators remained available to securely process transactions, which is exactly how a decentralized network should work. These validators were also able to publish archives keeping track of ledger history, letting the offline nodes fill in the missing gaps once they recovered.
I am grateful to my team members at SDF for responding so quickly and working tirelessly to resolve the issue for all affected nodes on the network. The teamwork has been phenomenal, and I’m proud to be in the company of such passionate, creative, and caring people.
On a side note, we’ll be hosting our Q1 2021 Review webinar on April 13, 2021 where I’ll be going over growth metrics and other strategic achievements from this past quarter. Hope to see you there!
Join us for a presentation of the Stellar Development Foundation’s Q1 in review on Tuesday April 13, 2021 at 9:00 am PT.
Back in January, SDF submitted a letter to the Financial Crimes Enforcement Network (FinCEN) in response to their Notice of Proposed Rulemaking on “Requirements for Certain Transactions Involving Convertible Virtual Currency or Digital Assets” – or NPRM. Over the last few months, SDF has been working with key stakeholders, like the Blockchain Association, the Chamber of Digital Commerce, and FinClusive, to articulate the most troubling aspects of this proposed rule.
"With all the challenges of operating in a modern, always-on environment, it’s about time we had a system for financial transactions that serves the needs of businesses like yours. Stellar USDC brings together all the advantages of an established stablecoin from a trusted issuer and the world’s most efficient network."
The Seed Fund is an open-submission competition that awards lumen grants to help innovative businesses get started on Stellar. Unlike its sibling the Lab Fund, which serves as an entry point for exploration and discovery, the Seed Fund is designed to kickstart long-term, real-world, viable applications, utilities, and services. Check out the finalists and go provide feedback on their projects!
Stellar Development Foundation CEO Denelle Dixon discusses the digital dollar projects on the Stellar network in Bermuda and Ukraine and why she’s excited about other crypto projects in Nigeria, Mexico, Argentina and Brazil on coindesk.tv.
Vibrant describes how ARST - issued by Stablex on the Stellar network - helps Argentines buy USDC and protect themselves from inflation.
On April 10, 20201 at 1500 UTC, Stellar public network validators voted to upgrade the network to Protocol 16. Upgrades take effect immediately, which means the network is now running on that new version of the protocol.
In this role, you'll be engaging directly with global fintech companies and financial institutions as a primary point of contact for the SDF. You’ll be providing support on helping them understand the Stellar network, how they can serve as an on and off ramp to the network, and make use of it to offer financial services to their customer base. Most importantly, you will be growing the world of blockchain and supporting SDF’s mission of creating equitable access to the global financial system.
In this role, you will develop strategies and create content to educate and engage developers building on Stellar. You will work with every single department inside SDF — as well as external partners and ecosystem participants — to help figure out and explain what it is we’re doing, and why.
Dozens of major businesses are building on Stellar, and you’ll play a key role identifying their needs from a product perspective, proposing improvements to the Stellar Protocol to meet those needs, and software architecting the ultimate solutions. This position combines high-level strategic thinking, strong communication with stakeholders, and going hands-on to code up proofs of concept.
In this role you will lead the way in developing projects, from scoping & system design to development & best practice deployments. SDF’s partners span globally and are some of the most innovative software and financial companies.
The Stellar Development Foundation is hiring a key team member on the policy team to lead the organization’s efforts and engagement strategy with central banks, multinational organizations, and thought leaders in the global blockchain and cryptocurrency space.
Reminder: Beware of “Hard Fork” Scams, Impersonators, and “Giveaway Scams”. We will never ask for your private keys, and we will never ask you to send us cryptocurrency. Learn more about how to protect yourself and your accounts in our Security guide.
DISCLAIMER: Stellar.org does not endorse any third party organizations that are named in this and/or any other communication(s). Please conduct due diligence and interact with these organizations at your discretion.
Safety Policy: The Stellar team will NEVER ask you for your private keys. We will NEVER ask you to deposit funds to any wallet address. Read our Security Guide for more information.