It’s not easy to achieve consensus in distributed systems. This problem is generally called “The Byzantine General’s’ problem.” Byzantine failures are common failures in software design, process, quality, and applications in software. Blockchain applications, starting with Bitcoin’s Proof-of-Work consensus method, are today proposing solutions to this challenge.
Lightyear, a company that is launching out of stealth today, will be using the Stellar open financial protocol to establish a universal global payments network. The company was created in response to growing interest in the Stellar network.