Multisig and Simple Contracts on Stellar

stellar.org

28 points·bjfish··10 comments

Nice to see someone able to move the ball forward with distributed consensus systems-- The bitcoin community as a whole has been stuck in the mud for far too long at this point.

Sadly, I still can't shake the subtle feeling that something greasy is still going on here-- The sins of Ripple continue to haunt us all I guess.

the proof is in the pudding

Actually, proof is in time, consistency and consensus.

What are the sins of Ripple?

I tried googling but only saw some mentions of "problems with the existing consensus algorithm" which seem to have been remedied with Stellar's 2015 April whitepaper.

It was a "consensus algorithm" in name only-- any conflict in consensus was "solved" by a central or semi-central control structure. It was also "pre-mined" in that all the ripples already existed and had been magically bestowed upon a few anointed individuals.

In addition to these shortfalls at an architectural level, the folks who seemed to be both in control of the centralized authority and sitting on top of all the premined ripples had well documented histories of shady behavior.

Joyce from Stellar.org here! We are also putting together another presentation on off-validator storage in XDR within Stellar-Core that was briefly mentioned in the post. Graydon is working on it now.

Will we have something in Rust from stellar?

Or maybe a new language...

Congratulations to the whole team, Joyce! I'm happy for you guys. :)

Does this mean the stellar codebase is no longer a fork of ripple? How much of the stellar codebase is descendant directly from the ripple codebase?

Yes it is a completely new codebase. No code is shared between them in either the core or the libraries.

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