Share this article
Stellar Now Open to Developers Following Network Upgrade
Updated Sep 11, 2021, 11:54 a.m. Published Oct 8, 2015, 10:49 a.m.
Developers will now be able to build on Stellar's distributed network following an upgrade to its codebase which will also protect it against forking.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
by founder Jed McCaleb, the upgraded network is now more secure, scalable and modular than before.
He added:
"The Stellar Consensus Protocol (SCP) optimises for safety rather than liveness when the network loses quorum – meaning the system is secure against forking. The Stellar Core code is now more comprehensible and elegant. Less than half the size of the previous codebase, it runs faster and uses less memory and disk space."
Though McCaleb said there were a lot of "great things" about the new code – which has been nine months in the making – he highlighted two features which would allow the creation of simple contracts; the batching of transactions into a chain of operations and multisig accounts which can be signed with multiple keys and signers.
The upgrade comes after Stellar's network was forked in December last year, resulting in temporary disruptions to its transaction system. The news also ignited a debate about the integrity of its and Ripple's network, which use the same open-source protocol that leverages blockchain technology to send fiat transactions.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Ripple expands institutional trading push with TJM partnership
The deal is less about chasing returns and more about access to familiar market structures, regulated intermediaries and predictable settlement.
What to know:
- Ripple deepened its relationship with TJM Investments, taking a minority stake to support its trading and clearing operations.
- The partnership builds on Ripple Prime and aims to offer digital asset trading to TJM clients while adhering to traditional financial regulations.
- This move reflects a trend where crypto exposure is increasingly managed through regulated brokers and platforms, rather than offshore venues.
Top Stories
