17 Apr '15, 4pm

The New Stellar Consensus Protocol Could Permit Faster and Cheaper Transactions: Stanford professor

Stanford professor David Mazières thinks he has a faster, more flexible and more secure alternative to Bitcoin, MIT Technology Review reports . Two independent reviewers, from Stanford and Cornell universities, agree that the new technology could make digital payments and other transactions cheaper, safer and easier. Alternative blockchains are often dismissed as worthless “me-too” copycats or scamcoins, which, unfortunately, has some element of truth. But Mazières’ approach deserves a place among the serious alternatives to Bitcoin that have been proposed, alongside Ethereum and Ripple. Public digital currency ledgers rely on distributed consensus protocols to propagate valid transactions. In the Bitcoin network, independent nodes (miners) work together without preferential trust relations. In other words, each node implicitly trusts every other node. In the new protocol,...

Full article: https://bitcoinmagazine.com/20044/new-stellar-consensus-p...

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Cryptocurrency round-up: Stellar hires Stanford professor and The Dorchester ... - International Business Times UK

Cryptocurrency round-up: Stellar hires Stanford...

ibtimes.co.uk 17 Apr '15, 11am

Bitcoin price: $233.47 (£159.83, €221.58) via CoinDesk.com The Dorchester Collection integrates bitcoin and Stellar hires ...

Has a Stanford Professor Developed a Faster, Securer Bitcoin?

Has a Stanford Professor Developed a Faster, Se...

cryptocoinsnews.com 21 Apr '15, 6am

Mazières calls his new cryptocurrency protocol SCP, and the project is being adopted by a nonprofit called Stellar , whose...