「Financial technology」タグアーカイブ

Pi Network and Stellar: US Congressional Speech Signals a New Era for the Crypto Revolution

コメントを残す

Historical Moment: Stellar Co-founder’s Speech at US Congress

December 4, 2024, marked a memorable day for the cryptocurrency industry. Daniel Dickon, co-founder of Stellar, delivered a keynote speech at a panel discussion titled “Innovation Revolution: How Technology Shapes the Future of Finance” held at the US Congress in Washington D.C.

Innovation of Stellar Consensus Protocol (SCP)

SCP, adopted by P Network and Stellar, is an innovative consensus mechanism with the following characteristics:

Technical Features

  • Processing Speed: 3-5 seconds per transaction
  • Transaction Cost: Approximately 0.00001 XLM per transaction
  • Processing Capacity: Capable of processing thousands of transactions per second
  • Advanced Security: Protected by Byzantine Fault Tolerance (BFT)

SCP Operating Mechanism

As a type of Federated Byzantine Agreement (FBA), SCP operates through the following process:

  • Each node sets a set of trusted nodes (quorum)
  • Transaction validation through consensus within the quorum
  • Transaction finalization through majority approval
  • Recording on the distributed ledger

Impact on the Global Financial System

Stellar’s technology offers the following advantages compared to traditional financial systems:

  • Direct currency exchange via Decentralized Exchange (DEX)
  • Application building through smart contract functionality
  • High interoperability enabling collaboration between different platforms

Regulatory Environment and Future Outlook

Cryptocurrency regulation in the United States is reaching a critical turning point. As the need for effective oversight is highlighted, the following points are becoming important:

  • Balance between innovation and regulation
  • Strengthening consumer protection
  • Ensuring financial system stability

Conclusion: Towards the Realization of an Inclusive Financial System

P Network aims to realize more efficient and inclusive financial services by leveraging the Stellar technology base. Features such as high-speed transaction processing, low cost, and high security are important elements of global financial innovation.