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Stellar (XLM) Vs. Ripple (XRP), Who Reigns Supreme?

Ripple

It has been quite a crazy few weeks for the now ninth largest cryptocurrency, Stellar (XLM). Just two days ago, the digital currency was competing for the fifth largest spot. Currently, XLM is trading at $0.061 a coin, down -25% for the day. It is down, -32% from its record high of $.91 reached back on January 4th. Still, Stellar is up 454% for the month and a crazy, 304,900% for the year.

What Is It?

Stellar was founded back in 2014 by Ripple’s (XRP) creator, Jed McCaleb. McCaleb is also the founder of Mt. Gox, the major Bitcoin exchange, before he sold it in 2011. In 2013, Mt. Gox was responsible for 70 percent of all Bitcoin transactions at the time before it was hacked, which ultimately led to its downfall. McCaleb continuous focus is to update the global financial system.

Stellar (XLM), backed by Lumens, has started to become an internet level protocol for payments. The project is an open source blockchain that allows cross-border transactions with equal access for all of its participants. The blockchain also promises transaction times from two to five seconds and fees for these transactions at a fraction of a cent. This is significantly different than Bitcoin (BTC) and Ethereum’s (ETH) blockchain which has processing times from thirty minutes to over an hour and fees around $20.

Stellar Vs. Ripple

Just like Ripple, Stellar’s targets are financial corporations and institutions, and recently it just finalized a huge deal with IBM (NYSE:IBM). Both systems use a network of trusted validator nodes which make them not a truly decentralized cryptocurrency, however, anyone is able to host a node which makes it less centralized than Ripple. A big stand-out for Stellar is that it is not holding 60% of its total supply, like Ripple. Stellar Vs. Ripple, is the new Bitcoin Cash Vs. Bitcoin.

If Ripple can become a $3 coin, there is nothing stopping Stellar from reaching that as well. As Bitcoin reigned supreme for so long, it is clear that altcoin season has returned and they are all looking to replace it.

Featured Image: twitter

  • Robert

    You forgot to mention inflation on stellar … or that it had an unintentional fork due to incompetent programing … The fact that they both use validating nodes doesn’t mean they’re centralized. Anyone can setup a validator on either … Did you know that a distributed network is the most optimal type of decentralized network? Though I don’t know how he’s doing now, you also forgot to mention that Jed is a bit of a crackpot. Oh…and that Ripple has signed over a hundred banks who have to meet very stringent regulatory requirements … Ripple are advisors to the IMF (yeah, THAT IMF), the Federal Reserve’s Faster Payment Initiative, and the W3C (who standardizes internet protocols). Even the Bill and Melinda Gates Foundation is on board with Ripple to alleviate problems for the un/under banked. A co-founder of Ripple also started E-Loan and Prosper. He knows the finance industry quite well. Does Jed? These are just things I know off the top of my head. You ever thought about actually researching before you claim that Toyota Yaris driven by a pot head can make it to the same speeds of a Lamborghini driven by a professional?

  • Albert

    Stellar should easily see $6 in the next 3-6 months.

  • Levin Yen

    Depends, lambo is fast but easy to break down

  • Marion Emory

    I don’t get all this coin bashing from people. Buy both, enjoy the show and may the best one win. 2018 is looking good for XLM and XRP.

  • Superlative Critic

    You’re forgetting a lot of things about XLM:
    1. XLM is being used as an actual currency through Satoshipay.
    2. XLM is also a platform for ICOs and the first ICO on Stellar is launching soon.

  • Guy Montag

    Yep. I hold both. They actually each serve different parts of the market.

  • Rod

    man, you forgot Jed has just created XRP and XLM … so … please, bashing XLM is LOL.

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