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Blockchain protocols must allow financial assets to move seamlessly between traditional and on-chain infrastructures to enable mainstream adoption. Stellar Development Foundation (SDF) CEO Denelle Dixon highlighted this key point during an interview at Paris Blockchain Week. Dixon explained that from the beginning, they have focused on making money move like email.
Significant Statements from a Prominent Figure
SDF CEO, a former trial lawyer who continued her career at Yahoo and Mozilla. Reflecting on her journey in the blockchain ecosystem, Dixon thanked Stellar‘s founder Jed McCaleb for involving her in the Layer-1 protocol.
The former Mozilla operations manager added that her decision to work with Stellar stemmed from the decentralized protocol’s focus on tokenization and its potential impact on emerging economies through fast and low-cost payments. She emphasized the vital importance of the tokenization process for Stellar’s assets and the ability to seamlessly connect to fiat payment rails and gateways in benefiting the protocol’s users.
In 2024, the blockchain ecosystem hosts hundreds of different protocols, each offering varying and sometimes controversial degrees of benefit to users. These diverse protocol communities have also become fervent defenders of their own blockchain networks, and Dixon commented on the issue:
“This is really fun. There is tribalism, but sometimes we continue to promote tribalism instead of focusing on what’s right.”
The prominent figure drew attention to recent network outages and congestion issues in major protocols, including various Ethereum Layer-2 protocols like Solana, Base, Arbitrum, and Starknet, and stated:
“These challenges are actually bad for the blockchain ecosystem because they cause people to look and perhaps decide not to enter this field.”
Noteworthy Steps in the Stellar Network
Social media platforms have become a venue where users supporting different protocols occasionally target others, continuing this tribalism. At a higher level, Dixon said there is more thought sharing and support than people might realize:
“At the executive level, there is actually less tribalism than people think. For example, people always say you and Ripple‘s Brad Garlinghouse shouldn’t get along, but actually, we do.”
The Stellar Development Foundation launched smart contracts on the Stellar network in February 2024. Dixon stated that the launch of the Soroban platform was driven by the need for advanced programmability to create a greenfield for developers in Stellar:
“We really need more developers like those who can increase the network from 1 billion transactions a month to 10 billion, and I would like to see that.”
