April 9, 2020
SAN FRANCISCO, April 9, 2020 — The Stellar Development Foundation (SDF) released its first quarterly report, highlighting achievements, growth, and performance in Q1 of 2020.
In the first quarter, the Stellar Development Foundation focused on laying the foundation for its growth roadmap, making inroads on all three of its strategic growth pillars. Aligned to the first pillar, ensuring the robustness and usability of Stellar, SDF announced the first major release of Horizon, Stellar’s HTTP API server. Horizon 1.0 packaged together previous improvements with a new ingestion system that makes Horizon nimbler, more developer-friendly, more efficient, and less dependent on Stellar-Core.
In pursuit of the second growth pillar, being the blockchain people know and trust, SDF joined global conversations to establish Stellar’s voice on the world stage. In the context of an evolving regulatory and policy debate, SDF joined the Blockchain Association and the Chamber of Digital Commerce to increase our voice in the discussion about the risks and rewards of blockchain to inform laws and policies based on facts. SDF attended Global Blockchain Business Council’s Blockchain Central at the World Economic Forum and participated in a session on global digital asset trends. SDF also concentrated marketing efforts on releasing an updated website with key new features, like a project directory and a live-tracking mandate page, launching a new community podcast series, and hosting a webinar with network partner, Cowrie Integrated Systems, on the cross-border payment services they are providing in and out of Nigeria.
To foster sustainable Stellar use-cases, the third pillar of growth, SDF announced its first investment from the enterprise fund in DSTOQ, a Liechtenstein-based FinTech company, who is helping make investing accessible and affordable for people in emerging markets, through a borderless digital interface for security tokens. SDF also helped onboard five anchors in Latin America in preparation for the upcoming launch of a non-custodial wallet. SDF also hosted its first collegiate Hackathon, which awarded three winning student-developed projects.
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Stellar is a decentralized, fast, scalable, and uniquely sustainable network for financial products and services. It is both a cross-currency transaction system and a platform for digital asset issuance, designed to connect the world’s financial infrastructure. Dozens of financial institutions worldwide issue assets and settle payments on the Stellar network, which has grown to over 4 million accounts.
About the Stellar Development Foundation
The Stellar Development Foundation (SDF) is a non-profit organization that supports the development and growth of Stellar, an open-source network that connects the world’s financial infrastructure. Founded in 2014, the Foundation helps maintain Stellar’s codebase, supports the technical and business communities building on the network, and serves as a voice to regulators and institutions. The Foundation seeks to create equitable access to the global financial system, using the Stellar network to unlock the world’s economic potential through blockchain technology.