Crypto's Quiet Comeback: Break-Ups, Breakdowns and Stellar's Break-Out

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No, because someday, when the history book is written, McCaleb might come to be best known for Stellar, a project that, while launched four years ago, arguably became the quiet comeback story of 2018.

The year's biggest crypto acquisition? Stellar can lay claim to that, too; Stellar's San Francisco offices are now home to Adam Ludwin and Devon Gundry, the founding team behind Chain, formerly one of the best-funded and most publicly visible startups seeking to connect financial incumbents to the blockchain.

Yes, at some point during 2018, Stellar, the cryptocurrency that was roundly derided at launch as a spiteful Ripple rip-off, came of age, emerging from a period in which McCaleb admits people "Forgot Stellar existed" into a market he says is now hungry for mature blockchain projects.

If the conversation around Stellar has changed, McCaleb remains the same as he ever was - an unpolished evangelist.

Should our conversation have an overriding mantra, it's the idea of mission, a concept that McCaleb evokes frequently when discussing both his life and vision for Stellar.

Still, if McCaleb has grown up, he argues Stellar has, too.

If there's a new emphasis for the Stellar project it's to connect existing financial firms to the blockchain, particularly mobile wallets, a mandate he described as core to the work of Interstellar, the company now powered by Chain's former team, and that shares an office with the Stellar Development Foundation.

Still, if you're expecting that all of this leads to a breakout for Stellar in 2019, McCaleb isn't convinced.

McCaleb estimates the size of the Stellar development ecosystem today as being only around 50 people who are working on the core code, and he sees the next step in its evolution as enlisting more people to build the wallets and exchanges needed for it to truly become what it was meant to be: a useful, open-source protocol for payments.

That's not to say McCaleb doesn't expect those projects to continue using Stellar.

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