TEch giant IBM is betting big on the future of Stellar Lumens (XLM)
Over the past few months, Stellar Lumens (XLM) has received a lot of attention from IBM. The tech giant is providing 9 global validator nodes to support the XLM network and has frequently mentioned Stellar in their press releases ever since announcing a partnership with the project. So why all the interest?
One reason is that IBM wants to help develop the IoV (Internet of Value). The world is shifting further towards digitalization and there is a growing need to facilitate the transfer of value across the world. Stellar has transaction times as low as 5 seconds, which makes it a highly appealing platform to build upon. Even with their Hyperledger project in the works, IBM could learn a few things from Stellar's platform.
Most of you might not know this, but Stellar is actually a hard fork of the Ripple blockchain, which occurred back in 2014. A core developer from Ripple, named Jeb McCaleb, left the project to work on Stellar. Part of the reason was that Ripple was too centralized and he didn't agree with their philosophy. So you can see why Stellar has transaction times that are nearly identical to Ripple.
Anyways, another highly appealing aspect about Stellar is its Federated Byzantine Agreement, which makes up the foundation of the Stellar Consensus Protocol. So what is this mumbo-jumbo I just mentioned? Well, in essence, the Stellar platform came up with a way to utilize smaller groups of nodes that reach consensus with each other by selecting other "trusted" nodes to take part in their own miniature groups on the network.
The idea is to form trusted groups of nodes that can separate themselves from bad actors that could attempt to influence the Stellar network. This inoculates Stellar from something called a "Sybil Attack". This is a malicious attempt to control multiple nodes in a network, while the network remains unaware that it is compromised. This is also accomplished by creating numerous pseudonymous identities to gain a large influence over the network.
Bottom line, Stellar has a strong built-in mechanism to deal with bad actors, while still pioneering one of the fastest Blockchains in terms of transaction speed. For these reasons alone, it would make sense for IBM to partner with the project. It gives the Stellar platform a huge advantage as it continues its battle with Ripple and other blockchain projects that are attempting to capitalize on the Internet of Value.