Blockchain protocols must facilitate the smooth transfer of financial assets between traditional and on-chain infrastructures to achieve widespread adoption.
During Paris Blockchain Week, Denelle Dixon, CEO of Stellar Development Foundation (SDF), emphasized this crucial point in a conversation with Cointelegraph.
Dixon highlighted Stellar’s focus on enabling money to move as easily as email, emphasizing the importance of integrating both traditional and blockchain-based financial systems.
Driven by Stellar founder Jed McCaleb’s vision, Dixon praised the protocol’s emphasis on tokenization and fast, low-fee payments, particularly beneficial for developing economies.
Drawing from her experience at Mozilla, Dixon expressed her commitment to driving interoperability across blockchain protocols, aiming for broader benefits beyond Stellar.
Dixon criticized the tribalism within blockchain communities, noting recent network outages and congestion issues across major protocols, which can deter adoption.
Despite social media-driven tribalism, Dixon highlighted more thought-share and collaboration at the executive level than commonly perceived.
Dixon emphasized the belief that the blockchain industry is not a winner-takes-all market, advocating for collaboration among decentralized protocol supporters.
The launch of Soroban, Stellar’s smart contracts platform, aims to attract more developers and drive network growth, according to Dixon.
Dixon concludes by stressing the importance of prioritizing utility in blockchain and cryptocurrency endeavors for long-term success.
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