Mesh evaluated the Stellar Blockchain carefully and selected it as our preferred blockchain platform.
In addition to rapid transaction speeds and industry leading scalability, Stellar's consensus protocol has a significant impact on transaction costs. By doing so, we make it possible for our users to transact quickly, reliably, and affordably without having to worry about high fees impacting their profits.
Stellar stands out not only because of its consensus mechanism, but also because of its innovative approaches to governance and economic incentives. Stellar achieves exceptional speed and security by leveraging a trusted network of validators. Due to the protocol's open-source nature, anyone can participate in the network, making it truly democratic and decentralised.
At Mesh, we embrace a blockchain-agnostic approach. Even though Stellar is our preferred solution for issuing and trading highly regulated traditional financial (TradFi) instruments, we remain flexible and open to evaluating other blockchains.
Stellar's built-in functionalities at the protocol level provide a host of benefits for the issuance and trading of traditional financial instruments. Because these functions are vetted by the open-source community, they are secure and reliable, such as token issuance, distributed exchanges, and multi-signature accounts. Unlike blockchain networks with smart contracts, Stellar ensures a single, robust implementation of these functionalities, minimising potential vulnerabilities.
Multi-signature accounts enhance security and reduce fraud and theft risks. By integrating a distributed exchange (DEX), Stellar offers a more efficient and transparent alternative to centralised exchanges. Aside from these features, Stellar provides issuers with the ability to freeze and clawback assets, preventing fraudulent activities. These features align with existing functionality in traditional financial markets, making Stellar a reliable platform for issuing securities like bonds.
By taking a democratic, collaborative approach to network governance, everyone is able to actively participate in shaping the future of blockchain technology.