WESTBURY, NY – IBM is investing in Stellar Lumens (XLM), as what the company had previously expressed. These past months, Stellar Lumens has been the central topic in the cryptocurrency world. One of the primary reasons is the tapping of IBM in the cryptocurrency.
Apart from IBM’s press release, there were also several sources who have published reports regarding the provision of nine critical validators for the Stellar network.
There is currently a massive dip in cryptocurrencies right now, but that does not stop people from wanting to acquire tokenized assets. Bitcasino.io suggests that this is one of the leading causes of the sudden surge in Stellar demands.
Despite the popularity of Stellar, there are only a few people who are aware that the cryptocurrency was derived from a Ripple hard fork back in 2014. When this hard fork came about, it marked the birth of two new versions of the Byzantine Generals’ Problem, which refers to the dilemma a group of Byzantine Empire had to face – whether they should retreat or attack the city that was surrounding them.
The real problem sprawls in the fact that it was virtually impossible for each soldier to communicate his preference to his co-soldiers because there were no phones back then.
People’s first attempt to solve the concept was through Bitcoin. However, after seeing the drawbacks in Bitcoin, people of Stellar and Ripple thought of advancing the technology even if they have to sacrifice some Bitcoin features. In the Ripple and Stellar technology, developers focused more on speed. Simply said, they tried to do things a lot different than usual. With that, they have gained lots of criticisms, and the dilemma was even tagged as brother’s quarrel.
Stellar and Ripple formulated the Federated Byzantine Agreement to solve the dilemma soldiers faced in the Byzantine Empire.
Even though phones have already gone through several evolutions and soldiers don’t need them anymore, a lot of times people still have a particular need for consensus. This is what the agreement tries to solve.
What happens in the Federated Byzantine Agreement is a group of trusted nodes is created so that it can tie up with other trusted nodes until they reach a consensus.
If people were to select a particular group of trusted nodes, they would be able to create a decentralized validation system. Groups of people who need to validate transactions will then be able to do so in a quicker fashion.
IBM is investing in Stellar Lumens (XLM) because it is confident that in the future they will no longer need the central authorities to reach an absolute consensus or verification.