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Can you pick one among Ripple (XRP) and Stellar Lumens (XLM)?

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Ripple Stellar
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I assume that you have already heard about Stellar Lumen (XLM) and Ripple (XRP), but my concern is maybe you are unsure how they compare. Well, if this is the case, you do not have a case to worry.

That is one of the most contested questions in the cryptocurrency space as both blockchain technologies share similar attributes, and today, we are going to try an demystify the similarities and dissimilarities between these two virtual currencies and blockchain technologies.

By the way, did you know that both Stellar Lumen (XLM) and Ripple (XRP) share the same person as their creator? We shall look into this later on the article.

Anyway, to assist in laying the foundation, we are going to look and explain how these crypto platforms work followed by an overview of their main differences.

With the modern age and the current trends in technology, cryptocurrencies have significantly evolved making it the most known modern way of financial exchange. To keep pace with these recent trends so many programmers are coming up with the most useful programming languages to enable ease of the financial transfer.

Even though there are so many modes of exchange, only the best are allowed in the market as each programmer comes with his very own best-known way. The only way one can get profit or market share based on the fact that the introduction of the languages used now should be better than the one used before it.

Due to these technological changes, programmers are working day and night tirelessly to improve the different current versions of their projects or instead create a new model on its own which is better and can also utilize in the financial sector with ease.

For these reasons, so many programmers are coming up with ideas to solve the situation, and the co-founder of Stellar Lumens (XLM) and Ripple XRP is no exception. Jed McCaleb who founded Ripple way back in 2013 introduced Stellar into the market.

Ripple was implemented by two programmer’s Jed and his partner with the aim of making the profit. Although Ripple works a bit like Stellar (XRP), they have some fundamental similarities like both using decentralized systems to control and can be controlled by the programmers who founded it (allegedly). In the case of transaction fees, the system uses ledges which take some small amount of money (cents) to process.

The model created and delivered to the market has to perform excellently and meet the standards of the market. Consequently, the anonymity, and in any case, the increase in security when one is transferring the money is very paramount.

Stellar has been consistently doing well in the market and competing favorably with other currencies globally.

Coinbase in one of their tweets introduced five major currencies into the banks and circulation. Coinbase official press release said:

“Today we are announcing that we are exploring the addition of the following assets to Coinbase: Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC) and 0x (ZRX)”

This statement tells us how famous and competitive Stella has grown to be.

Most people were amazed by the speed of Stellar Lumens and in particular was Wessrating, a company that tries to rate this type of currencies. In the tweet, Wessrating was recorded saying,

Wessrating tries to agree how fast in speed and excellent Ripple is as it has created a session for the world to debate and explore more on it.

Stellar can also be used across the borders as transfer to border payments was launched sometimes back which are contrary to ripple that does not allow transfer to border payments.

The Chief Executive officer of BitGo custody provider, Mike Belshe in their launch also included Stellar Lumens to their custody support. BitGo custody provider is a company which deals with insurance and security of some crypto coins.

Although Ripple and Stellar have consequently decreased in their price index over the weeks, an individual’s choice of whether to go with Ripple or Stellar relies wholly on them.

But due to all the advantages named above, Stellar would be one of the most secure, fast and useful types of cryptocurrency to use in the market. And of course, Ripple is making great waves too, so choosing only one among the two is tough.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Waldryano/Pixabay

Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Altcoins

TRON (TRX) Is Likely to Go Big in June

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Tron
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We are now halfway through 2019, and the situation in the crypto space is better than ever in the past year. Numerous cryptos are seeing large gains, often cut by brief periods of stagnation or small corrections, but the overall sentiment is obviously bullish.

Bitcoin sits way above the $8k mark, and while it struggles to go beyond $8,700, it is still trying to grow. Investors and analysts are quite bullish regarding the foreseeable future, and a lot of altcoins are expected to follow BTC in this regard. However, today, we would like to talk about one particular altcoin — TRON (TRX) — as well as why it is likely to go big in June.

TRON’s progress so far

As many people in and out of TRON community know, TRX is not a project that often sits still. It is rich with announcements, particularly when it comes to his CEO, Justin Sun, whose enthusiastic tweets often seem like hype building to many.

However, TRON made some massive progress in 2018, which was the worst year cryptocurrencies have ever seen. This is not something that can be achieved through hype alone, and the project needs to have true quality and value in order to see such massive development in the middle of the longest and harshest crypto winter in…

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Altcoins

IOTA (MIOTA) Pending Update Might Bring Huge Gains in Days to Come

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The crypto space is erupting once again, and if popular predictions are correct — the growth is only starting. However, in the vast sea of altcoins that hold the massive potential to go big in the future, we would like to set IOTA aside as one of the coins that might blow up quite soon.

As always, there are no guarantees of this, as the crypto space still lacks regulations, and remains highly volatile. To see proof of this, all you need to do is look at Bitcoin, which goes up by $1,000 within a day, only to slowly drop by $700 in the following week, and then repeat the process. In other words, there is still a lot of uncertainty regarding any project, and that includes IOTA.

However, even with all of that in mind, many are quite optimistic about this particular project, especially after a recent announcement. The announcement in question indicates that IOTA is about to see a massive upgrade. In most cases, this would be more than enough of a reason to expect the coin to start performing better. But, in IOTA’s case, this is nearly a guarantee that it will.

The update is believed to carry a lot of fixes for a lot of problems that traders and investors have been reporting for a while. No crypto is perfect, and since IOTA is…

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