Today we’re speaking with the head of ecosystem at the Stellar Development Foundation, Justin Rice. He’ll walk us through the Stellar ecosystem and what role the foundation plays in it all.

What Is Stellar?

Stellar is a platform that connects all the world's currencies. Any currency or asset can be represented and easily connected to it’s underlying value. Stellar is open source as well as open participation, meaning anyone can easily create, send, or trade digital currency. Programs, products, and entrepreneurs are all represented in the ecosystem. The native token of Stellar are lumens and each account is required to hold a few lumens at all times to participate. In addition, a small per-transaction fee is used to discourage any large-scale bad behavior.

What is the Role of the Foundation?

Stellar Development Foundation is a non-profit that exists to support the development and growth of the Stellar network. The foundation is able to help maintain the codebase as well as the people building on it. The foundation supports technical and business communities, as well as representing Stellar to regulators and institutions.

What is an Anchor?

Think of an anchor as a local on/off-ramp. They connect traditional banking to the Stellar network so that all the world’s currencies can interoperate on a single platform and in a seamless manner. We know that conventional banking systems are old school and have a lot of friction when it comes to converting certain assets, especially those that aren’t as liquid. Stellar Development aims to solve the inequality created by financial institutes while making things easier for its users. Therefore, building on Stellar is just good business.

The Stellar Team

With Stellar being open source, there are hundreds of companies and thousands of people in the ecosystem. In terms of Stellar’s actual team, they sit at about 80 members, up from only about 15 a year and a half ago. Stellar has an array of goals and outlined areas they are focused on, all which can be found at stellar.org/foundation/mandates. Some of these include direct developments, ecosystem support, and user acquisition. Each focus area has different initiatives to support it, with lumens distributed to achieve these goals.

To learn more about Stellar, please visit stellar.org and explore the ‘Learn’ and ‘Ecosystem’ sections.

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Divi is creating the world's first closed-loop, vertically-integrated cryptocurrency ecosystem. Much like Apple's ecosystem is anchored by iCloud, the Divi Project blockchain serves as the core of the Divi network of technologies. Thanks to a keen understanding of the divide that separates the mainstream from the crypto world, the Divi team is able to create solutions to the industry's biggest problem: adoption by non-technical users. Divi's user-friendly, one-click solutions aim to bring blockchain-based payments into modernity with great UX. In this podcast, we will cover all aspects of cryptocurrency, hot topics, and technology as worldwide adoption grows.