Ripple vs. Stellar: Compared Side by Side

► Stellar Review: https://www.coinbureau.com/review/stellar-xlm/
► What is Ripple: https://www.coinbureau.com/education/what-is-ripple-xrp/
► Stellar Video: https://www.youtube.com/watch?v=p7gY6QUW5fo
► Stellar Wallets: https://www.coinbureau.com/analysis/stellar-xlm-wallets/

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⏰ Time Stamps ⏰

1:05 Overview of Projects
2:27 How Ripple & Stellar Work
4:03 Consensus Comparisons
6:02 XRP & XML Cryptocurrency Dynamics
8:21 Common Misconceptions
9:33 Partnerships
10:52 Challenges
12:32 Conclusion

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⛓️ 🔗 Helpful Links 🔗 ⛓️

► Ripple Website: https://ripple.com/
► Stellar Website: https://www.stellar.org/
► Ripple Docs: https://xrpl.org/docs.html
► Stellar Docs: https://www.stellar.org/developers/
► BitMEX Report on Ripple: https://blog.bitmex.com/the-ripple-story/

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📱️ Socials 📱

► Ripple Blog: https://ripple.com/insights/
► Stellar Blog: https://www.stellar.org/blog
► Ripple Twitter: https://twitter.com/Ripple
► Stellar Twitter: https://twitter.com/stellarorg

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📝 Overview 📝

Both coins are cross-border payment systems that want to facilitate growth and adoption in the crypto world. They both share the same codebase with Jed McCaleb as the founder.

They have different targets as Ripple looks at financial institutions, payment providers, and corporations.

Stellar, on the other hand, focuses on the individual, as well as providing low-cost financial services to those in developing countries.

⚙️ Technology ⚙️

Ripple used to have its xRapid and xCurrent which the project recently decided to integrate these services under one platform called Ripplenet, which is a closed-source network.

With Ripplenet, users have access to global payments, on-demand liquidity, and payout options in more than 40 different currencies. Payments are processed efficiently through pre-validated transactions, which lowers the cost and speed for worldwide transactions.

The technology behind Stellar is open-sourced. It supports tens of thousands of people every day with its decentralized network. Stellar is currency agnostic. It will handle any asset, including fiat currencies.

Ripple uses its very own XRP Ledger Consensus Protocol, which it refers to as XRP Ledger. The XRP Ledger focuses on a few primary principles: agreement, correctness, and forward progress.

Stellar’s consensus mechanism is called the Stellar Consensus Protocol or SCP. SCP is a federated byzantine agreement, which means well-behaved nodes on the network can sustain it, even in the presence of nefarious nodes. As a result, SCP is a Byzantine Fault Tolerant.

SCP offers a way for the network to achieve consensus without the need for a closed system to record transactions.

💰️ Tokens 💰

XRP is used primarily as a utility token within the network. Some claim that XRP is a security while others claim that it is a utility token. The FCA recently cleared Ripple by claiming that XRP is a utility token.

XRP is a pre-mined token, with a max supply of 100 billion XRP. It has a current circulating supply of just under 44 billion, with a total supply of just under its 100 billion max.

100 billion XLM tokens or lumens were pre-mined at the outset of the project. Over the next decade, the project plans on giving 50% of its total lumens to as many people as possible.

Currently, there is a total supply of 50 billion XLM and a circulating supply of a little over 20 billion.

👨‍💻️ Partnerships 👨‍💻

One of Ripple’s biggest partnerships is that with MoneyGram which brings a $600 billion remittance market to the table.

Ripple also has partnerships with other global payment systems, including Mercury FX and IDT.

Stellar received $3 million from Stripe right out of the gate. If you aren’t familiar with Stripe, it’s a large payment processing company based in Silicon Valley.

Stellar has also announced a relationship with IBM, which allows the project to bring banking infrastructure to parts of the globe that aren’t easily accessible.

Other partnerships for Stellar include Deloitte, Tempo, Wirex etc.

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📜 Disclaimer 📜

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome.

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Post Author: CoinCryptoNews