- The Stellar Foundation has revealed that it will focus on growing the number of entities building on its blockchain and the transaction volumes.
- The three pillars are supporting robustness and usability, making Stellar the most trusted blockchain and cross-border payments.
The Stellar Development Foundation (SDF), the non-profit organization that supports the development and growth of the Stellar blockchain, has released its roadmap for 2021. The roadmap is geared towards growing the ecosystem, focusing on the developers, the users and the transaction volume.
While announcing the roadmap, SDF CEO Denelle Dixon revealed that the Foundation values transparency.
“That’s why I want to share with all of you the 2021 roadmap, outlining our vision for our work to support and grow the Stellar network in the year ahead,” she stated.
The three pillars for growth
SDF’s first pillar for 2021 is supporting the robustness and usability of Stellar. It will seek to ensure that the blockchain is usable, secure, scalable and robust enough to support all existing and future use cases. The first area of focus will be supporting the top use cases being built on Stellar.
SDF will also invest in the safety and resilience of the Stellar Core and its client-facing API server, Horizon.
In 2021, we will invest in technical and procedural changes that make the network even more safe and resilient. Doing so protects Stellar’s existing participants from risk and helps attract new enterprises who may be wary of using new technology.
In line with the first pillar, the Foundation will also improve liquidity on the network. The ability to convert assets efficiently is what enables users to interact with one another, the roadmap notes.
SDF has already started working on this goal, recently investing $5 million in blockchain payments firm Wyre. As Crypto News Flash reported, the startup will bring on better on/off ramps for Stellar users. The Foundation is also set to integrate the second-largest stablecoin, USDC in Q1 this year. This will further boost liquidity in the ecosystem.
The second pillar for 2021 will be fostering Stellar use cases for cross-border payments and securitized assets.
We will continue to work within the ecosystem to increase relevant transactions by 5x. There is an undeniable need to create new payment corridors on Stellar. We will open at least 4 new payment corridors by onboarding anchors and working with the ecosystem to create relationships within the anchor network.
Making Stellar the blockchain everyone trusts
With blockchain being a relatively new technology, most people, and especially enterprises, are yet to fully trust it. This is one area the Foundation wants to focus on in 2021. As per its third pillar, it will focus on making Stellar the blockchain people know and trust.
The SDF wants to achieve this by marketing Stellar and its top use cases to drive ecosystem expansion. It will also advocate for the development of legislation that can create stability for blockchain deployment.
We will work to establish that financial institutions around the world can reliably and lawfully use blockchain technology. We will do this through education, partnerships with governments, and advocacy for legislation that brings clarity to the regulatory landscape while leaving ample room for innovation.