Stellar Calls for Blockchain Protocol Compatibility

Denelle Dixon, CEO of the Stellar Development Foundation, argues that the key to broad adoption of blockchain protocols is to facilitate easy transfers between traditional finances and digital assets.

From the beginning, we’ve focused on making money move like email, but we really understood that to do that, you needed the on- and off-ramps and couldn’t rely on transacting with volatile cryptocurrencies,

said Dixon.

She urged developers to intensify their collaboration to ensure interoperability and consider using Stellar's experience as a guide. Dixon also expressed concern that the growing number of similar projects and communities is impeding the industry's progress.

She pointed to the numerous L2 blockchains on Ethereum as an example, noting that they offer little distinction to the average user and may deter newcomers from joining decentralized networks.

Before her role at Stellar, Dixon was a lawyer and held leadership positions at major companies such as Yahoo and Mozilla. Her involvement with the L1 blockchain Stellar was driven by its capabilities for asset tokenization and its provision of fast, low-cost transfers.