Whitepapers Stellar XLM White Paper Explained Summary

Stellar XLM White Paper Explained Summary

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Stellar XLM White Paper

Summary:

-The Stellar white paper introduces a new model for consensus called federated Byzantine agreement (FBA).
-FBA achieves robustness through quorum slices—individual trust decisions made by each node that together determine system-level quorums.
-Slices bind the system together much the way individual networks peering and transit decisions now unify the Internet.
-The Stellar Consensus Protocol (SCP), is a construction for FBA. Like all Byzantine agreement protocols, SCP makes no assumptions about the rational behavior of attackers.
-Unlike prior Byzantine agreement models, which presuppose a unanimously accepted membership list, SCP enjoys open membership that promotes organic network growth.
-Compared to decentralized proof of-work and proof-of-stake schemes, SCP has modest computing and financial requirements, lowering the barrier to entry and potentially opening up financial systems to new participants.

Explained – Stellar XLM white paper. Learn in depth about differnet coins on the blockchain by understanding whitepapers.

There is a lot to learn about this futuristic tech, lets get started to dive into the Stellar XLM white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.

We will deep dive into how the coin works by understanding the whitepaper and its summary. Stellar.

Lets understand Stellar after going through the Stellar XLM white paper.

Without wasting any further time lets get started to dive right in and lets understand white paper first.

What is white paper?

A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.

A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.

Stellar XLM White Paper

Stellar XLM white paper will be going to provide you, all the information that is needed to get started with Stellar, including the inspiration for creating, the problem it is trying to solve and the solution proposed by Stellar.

Introduction

This paper introduces a new model for consensus called federated Byzantine agreement (FBA). FBA achieves robustness through quorum slices—individual trust decisions made by each node that together determine system-level quorums.

Slices bind the system together much the way individual networks peering and transit decisions now unify the Internet.

We also present the Stellar Consensus Protocol (SCP), a construction for FBA. Like all Byzantine agreement protocols, SCP makes no assumptions about the rational behavior of attackers.

Unlike prior Byzantine agreement models, which presuppose a unanimously accepted membership list, SCP enjoys open membership that promotes organic network growth.

Compared to decentralized proof of-work and proof-of-stake schemes, SCP has modest computing and financial requirements, lowering the barrier to entry and potentially opening up financial systems to new participants.

White Paper Link: Stellar Whitepaper

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