All this thing does is limit potential losses from fraud. Not eliminating.
The main value proposition of a blockchain is to solve the "principal-agent" problem [1] and gis simply reduces the risk but doesn't remove it entirely.
Plus some of the requirements on a node having to be online (in a decentalized, byzantine environment) all the time are unrealistic.
This seems more like ripple.
Stellar uses a more sophisticated notion of "quorum slices" and is resistant to byzantine faults [2]
The Stellar Network relies on nodes declaring quorum slices, which can be understood as trust relationships, but it implements a single global blockchain. So I don't think it's very similar.
Edit: one similarity is that token issuers in Stellar can remain authoritative on their token.
All this thing does is limit potential losses from fraud. Not eliminating.
The main value proposition of a blockchain is to solve the "principal-agent" problem [1] and gis simply reduces the risk but doesn't remove it entirely.
Plus some of the requirements on a node having to be online (in a decentalized, byzantine environment) all the time are unrealistic.
This seems more like ripple.
Stellar uses a more sophisticated notion of "quorum slices" and is resistant to byzantine faults [2]
[0]: https://trustlines.foundation/faq.html
[1]:https://as1ndu.xyz/2021/04/clarifying-the-blockchain-proposi...
[2]: https://youtu.be/vmwnhZmEZjc