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Growth strategy for the Stellar network

2020.06.18

According to Dixon, the Stellar Development Foundation will focus its objectives on three core areas. The first focus is on robustness to bring more developers into the Stellar ecosystem. This, according to Dixon, will help Stellar develop more use cases on Stellar. The SDF also wants to see more stakeholders in the Stellar ecosystem and achieve greater participation:We wanna see more validator, we wanna see more folks engaging in Stellar to see what Stellar has to offer.

We’ve ensured the strength and maturity of our technology. The Stellar network has never been as strong or decentralized as it is today. That’s because we spent a lot of this year encouraging key organizations to set up validators, and helping them organize so they can sustain the network independent of the SDF. This group of Tier 1 validators is mature enough at this point that we could turn off our nodes and the network would keep going!

By 2020, Stellar intends to be established as the global payment standard. To achieve this, the Stellar Development Foundation will focus on ecosystem growth:We are going mainstream this year, i think. To do that and to think about that, we really have to evaluate what we wanted to here at SDF. Really focus on the growth of Stellar. And so we did our objectives and key results for 2020 so that we could setup our plans throughout the organisation to make some good stuff happen.

Finally, Dixon also explained that the Stellar Development Foundation has to take appropriate action to ensure that the Stellar ecosystem can handle its continued growth.

Author : Jake Simmons