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Stellar is not decentralized. If problems like this occur, there is the Stellar organization /corporation, to enforce consenus. Whenever there is a legal entity
by bachback 12y ago
Stellar is not decentralized. If problems like this occur, there is the Stellar organization /corporation, to enforce consenus. Whenever there is a legal entity behind it, it's not de-central. Bitcoin has solved all these problems. Ripple was invented before Bitcoin. Stellar is a Ripple fork.
- soroushjp 12y agoStellar is not currently decentralized. The use of a single validating node is a temporary measure while they rewrite their consensus algorithm. This is obviously far from ideal, but the Stellar foundation has been transparent that this is a temporary measure. In the original design, and in their stated mission that they've never wavered from, this will be a open protocol where anyone can join as a validating node. But they needed a stop gap measure while they fixed this ledger fork issue. Again, far from ideal, but let's not jump to harsh conclusions either.