Stellar Community Fund Introduces Neural Quorum Governance for Smart Contract Expansion

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The Stellar Community Fund (SCF) is gearing up for its next phase, SCF 5.0, after successfully deploying nearly $10 million in Stellar Lumens (XLM) this year. The focus of SCF 5.0 will be on the introduction of a new governance and voting mechanism called Neural Quorum Governance (NQG). Developed by BlockScience and the Stellar Development Foundation, NQG is modeled after neural networks and aims to address issues such as voter fatigue and apathy. It allows members to adjust their voting weights based on expertise, trust from peers, and historical contributions to the SCF. Voters can also delegate their weighted votes to a group of individuals, drawing inspiration from the Stellar Consensus Protocol. The NQG is a significant step towards a democratized smart contract ecosystem on Stellar, which will be introduced through the Soroban upgrade in mid-2024. The NQG is expected to attract more users and foster trust in the Stellar network, encouraging large-scale DeFi developers from other blockchains to integrate with the XLM community. In terms of market implications, Stellar XLM has seen a 19% gain in the past 30 days, trading around 12 cents. Technical analysis suggests that the price could rally over 100% in the coming months if bullish pennant breakouts continue. With an average trading volume of $85 million and a market cap of $3.45 billion, Stellar remains an attractive blockchain project with numerous collaborations, including Circle USDC, United Nations, and MoneyGram. The Stellar team, led by co-founder Jed McCaleb, continues to build the necessary infrastructure to onboard mainstream users and ensure the long-term success of XLM.

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