Stellar SEPs

Question 1

What is SEP 40

Answer 1

Final bridge. “Mother of All Bridges” (MOAB). Pulls all assets into all bridges. When ready, burns all bridges.

Helps users build a product or service that interoperates on STELLAR defining on what qualifies as credible/authorized interactions and also cancels out what is not.

Question 2

What is a Smart Contract

Answer 2

Stackable Layers - think ‘legos’. With multiple nodes.

Eliminates third-party; straight into execution mode.

1. Transmutable and immutable.
2. Secure and encrypted.
3. Eliminate of middlemen.
4. Automation = speed & efficiency.

Question 3

What is XELMO/Monero

Answer 3

Another layer and blockchain integrated into Core. Hybridized by BunBun - built his own lego for QSI Governance only.

Started in 2014.
Timeline = Q1 2025
Mid-2026 - app approval process begins.
Late 2026 - XELMO Token listing begins.

Question 4

Example of a Basic Smart Contract

Answer 4

Several actions, programs and contracts at the same time.

Question 5

Examples of Fancy Smart Contracts

Answer 5

Multiple series of criteria met (many pieces). Have many lego pieces to layer to form into many shapes (ie. massive lego land).

autotrades/tradebots
royalties/salaries/bonuses
dApps, elections, healthcare, insurance, legal contracts, logistics, digital ID, real estate, supply chain, etc

Question 6

How does a Stellar Fancy Contract work?

Answer 6

All devs on different teams building different matrices. But all building Stellar Cities and Cosmos.

Example: CBDCs
= one matrix XELMO
= one matrix CBridge
Different tokens but similar functions

Question 7

What’s PBFT

Question 8

What will happen in 2040?

Answer 8

The entire world will be wrapped into Stellar!

Question 9

What is a dApp?

Answer 9

Will allow us to write our own smart contracts in the future.

Question 10

What is Soroban?

Answer 10

It’s a platform (not a smart contract!)

A developer-friendly Rust-based smart contract platform. Can issue Stellar Smart Contracts. Brings bridges in. No other platform has the functionality to do this.

This the ‘plate’ holding all smart contracts.

Question 11

What does SEP stand for and what is it?

Answer 11

Stellar Ecosystem Protocol.

Rules and regulations for Stellar (ie. SOP - Stellar Operating Procedures)

Question 12

What is SEP 2

Answer 12

Acts like a recipe - rules. The intention behind the SEP must be written/coded for.

Question 13

What is SEP 43

Answer 13

Standard Web Wallet API.
standardize assets and wallets, within the Stellar network.

API makes things easier - easier to configure and push same info to new wallets.

Removes need for non-WH ninjas to build wallets. Think IBM z/OS + IntGenAIML.

New wallet apps can hold multiple wallets + signing authority. This is the GOTCHA SEP! Ensures cockroaches can’t make own wallets in future.

Question 14

What does API mean in SEP 43?

Answer 14

All non-WH devs/normal people can take API and build on top of it and add new features. But has basic program foundational algorithm on it.

WHs set it up to encourage ‘normal people’ to use “ours and have access to entire platform”.

Question 15

What is SEP 42

Answer 15

Stellar Asset List (SAL)

standardize assets and wallets, within the Stellar network.

Ability to create standardized bespoke community. Allows feedback/collaboration with community. Ability to request assets be added (eg. recommended list of assets on Lobstr wallet). Ability to report ‘bad actors’ (ie cockroaches are writing the SEP 42 hehe)

WHs will take it over and blacklist cockroaches and allow QSI Quorums to collaborate with each other or companies. Can have QSI recommended files (eg QSIDAO can use as project/asset filters) - comes in future with regulations & enactment of SEP 42. Another GOTCHA SEP to catch cockroaches.

Connected to SEP 1 (info file = KYCAML)

Question 16

What is SEP 1

Answer 16

Stellar Info File Update

Added KYC currencies. Building CBDC assets & bridges. Add contract files to currencies = KYCML validator for currencies (prevents scams).

Question 17

What is SEP 41

Answer 17

Soroban Token Interface
Art of War SEP

Relates to smart contact tokens (CAP 46-6), but provides a more flexible way to make tokens interoperable with Stellar and Soroban.

(native vs interface)
Only WHs can see original code. Soroban/SDF employees can only see public version they are authorized for.

Public can only use public version given to them through a specific API. Limits actions to only:

1. push/pull transfer
2. asset administration

WH security - only WH can see the sneaky code in the background.

SEP 41 = clawbackable. Fake/scam assets are the bulk of why we need this SEP; they will be cheesecaked.

Everything will be prettified except SEP 41.

Question 18

What is CAP 46-6 - Part 1 of 3

Answer 18

Smart Contract (SC) Standardized Asset (SAC)
This is why Stellar is Special!!

charges max cap tokens from 64 bit to 256 bit (922 billion to 170 quintillion!)

Contracts cannot be extended. Must create new separate contracts. Only Soroban SC allowed (no other SC blockchain allowed).

Outliers are QPs - QPs have access across multiple trustlines and multiple assets.

Bridges all world assets/blockchains. Even SC/programming of token to be run by Stellar Soroban.

Question 19

What is CAP 46-6 - Part 2 of 3

Answer 19

Admin interface = controls supply & “simple compliance”

Clawbacks/clawbackable assets, white/black lists

Create “dedicated fee lane” and remove/override “arbitrary pre/post hooks and arbitrarily embedded expensive program”.

Question 20

What is CAP 46-6 - Part 3 of 3

Answer 20

Allow SC to interoperate with Stellar assets via “native contract implementation”.

Don’t want open source coding; ONLY “native contract” (native = coding by WHs).

Non WH devs can still customize SC if needed. “BUT” WH SC more “efficient and cost effective” = to encourage most devs to choose native implementation. Eg IBM z/OS.

Question 21

What is Account Abstraction?

Answer 21

“Hacking the hackers”

Question 22

What is “Federated Byzantine Agreement System”

Answer 22

Stellar Consensus Protocol (SCP)
QSI example - all have to agree to reach TT level of ICO. And Quorums/Quorum Slices.

Decentralized, ‘leaderless’ (meaning equal opportunity amongst leaders/grow leaders & have equal weight in our votes).

Networks to efficiently reach a consensus outcome on some decision.

QSI is the ONLY organization beta-testing SCP and Quorum.

Question 23

What is Interoperability?

Question 24

What are Cross-Border Payments?

Question 25

What are Cosmos IBC Protocols Emily in depth?

Answer 25

Cosmos IBC Protocols adopts Bretton Woods 3, and flushes liquidity into the Quantum Stellar Financial System and the Quantum matrix! Final MOAB(Mother Of All Bridges)! Stackable layers of Passive Residual Income!

Question 26

What is Protocol 40

Answer 26

It’s the Oracle Consumer Interface.

Protocol 40 will bring every known physical or digital asset in the world into STELLAR! Bringing transparency, governance, security, traceability, regulation, quantum speed, along with transferring assets at a very low cost!

Understand this would be what validates what comes into Stellar and stays there because the bridge that allows it to enter into STELLAR is burned not allowing the asset or Blockchain to go back out. Hence the ultimate crab 🦀 trap!🪤 Also known as French onion 🧅 Soup!🍜

Due to the multilayers of programming codes to wrap and move the physical assets in custody vaults. So are vaults are the final resting place after all the bridges that get burned! 🤭🥔This will make fiat, commodities, securities, real estate, and blockchains and their respective
crypto’s with their price corresponding valuations lock native assets in Custody Vaults! Then time to burn all the BRIDGES!

Question 27

core

Question 28

anchor

Question 29

bridges

Question 30

LedgerBridge

Question 31

Stable Coins / CBDCs

Question 32

What is Cheeseqake

Answer 32

Cheeseqake is a series of smart contracts that will auto burn tokens designated as shitcoins (when you activate the button, which means you have free will to use this, and also SDF will most likely have already smashed that button for bigger cleanup ahead of public launch) and also has a function that creates a new requisite format for token minting by any dev. The requirements are listed in the SEPs we discussed before which includes Proof of Reserves, that none of the 🪳🪳🪳 comply with! 😁😁😁

But it also ties to Biometric, IP, Quantum KYC which is how they get flagged and blacklisted for 🚨 👮 👮‍♀️

So the shitcoins themselves dont get reprogrammed/a new lease on life, but through programming (smart contracts) they get flushed down the drain or swirled into legit assets, depending on the shitcoin and its consequences, which means they technically get reprogrammed into a different good asset aka transmuting into their newer/higher form!

Think of it like NeuroBalance description of a fresh start. The traumatic memory can get zapped away but the lessons remain and are infused with light

Question 33

Cross-Chain Interoperability