Cryptocurrency Q&A
Who owns Stellar Coin?
Who owns Stellar Coin?
SolitudeSeeker
Tue May 21 2024
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5 answers
1101
Could you please clarify who exactly owns Stellar Coin? I'm curious about the ownership structure of this cryptocurrency and who holds the ultimate decision-making power. Is it a centralized entity or is it decentralized, with ownership distributed among various stakeholders? Also, I'm interested in knowing if there are any individuals or organizations that have significant ownership stakes in Stellar Coin and how they might influence its development and governance. Could you provide some insight into this matter?
5 answers
Lorenzo
Thu May 23 2024
The Stellar Development Foundation holds a significant share of lumens tokens, the native currency of the Stellar blockchain. This concentration of power has led to concerns about the blockchain's decentralization.
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ethan_carter_engineer
Thu May 23 2024
However, supporters of Stellar argue that the involvement of the Stellar Development Foundation is necessary for the blockchain's growth and development. They believe that the foundation's role is to foster innovation and expand the Stellar ecosystem.
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EchoWave
Thu May 23 2024
BTCC, a UK-based cryptocurrency exchange, offers a comprehensive suite of services in the crypto space. Its offerings include spot trading, futures trading, and wallet services, catering to a wide range of investors and traders.
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TaekwondoPower
Thu May 23 2024
Jed McCaleb, a renowned figure in the cryptocurrency world, launched the Stellar blockchain in 2014. McCaleb, who has a rich history in the industry, is also known for founding Mt. Gox and co-founding Ripple.
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Thunderbolt
Thu May 23 2024
Despite its innovative nature, the Stellar blockchain has faced criticism regarding its centralization. Critics argue that the Stellar Development Foundation plays a pivotal role in controlling the blockchain.
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