If Ripple (XRP) is the Clark Kent (the fictional identity of Superman) of cryptocurrencies, Stellar Lumen (XLM) is its antagonist, Lex Luther, with XLM claiming that Ripple is still hanging on to approximately 60% of the initially issued XRP tokens. If you take a look at Ripple (XRP) and come to the conclusion that it is similar to Stellar Lumens (XLM), you would be right.
The same person, Jed McCaleb found both virtual currencies, and appear to be somewhat similar regarding technical functionalities and specifications. Both function with the aim of providing payment processing solutions with traditional assets.
Ripple vs. Stellar
But if you take a closer look at them, you will find out that the two cryptocurrencies are more different than similar.
Stellar Lumen is an open-source virtual currency that aims to provide a platform for making settlements via blockchain technology utilizing the Federated Byzantine Agreement algorithm or FBA that allows it to clock transaction speeds of up to 1000 tx/s.
On the other hand, Ripple differs slightly with Stellar as its platform is not open-sourced while it uses a different approach to reach consensus. Ripple uses the Ripple Protocol consensus algorithm or (RPCA) as its proof of correctness mechanism. The RPCA algorithm can clock transaction speeds of up to 1500 tx/s, flooring down Stellar easily.
From the look of things, it seems that whoever on boards the largest and most sought-after brand has the edge over the other. If this statement is anything to go by, Ripple takes the leading position very early. It is true that both virtual currencies aim to assist banks and financial institutions make international transactions.
Although sharing a common goal, the two have different target clients. Ripple (XRP) targets multinational payment providers as well as banks that are international. As a result, Ripple has sought and signed partnerships with several financial institutions in Japan and international money transfer providers like MoneyGram, Western Union, and Fleetcor.
XLM‘s primary target is the emerging markets wanting to facilitate international money transfer mostly for the unbanked IBM being one of their main partners. IBM facilitates their project in some countries in the Oceania region.
I believe Ripple (XRP) has managed to bug the support of its community and is more likely to perform better in the long-run compared to Stellar Lumen (XLM).
Ripple vs. Litecoin (LTC)
The two digital coins are fierce competitors with Litecoin coming at 5th position in the market while Ripple is number three.
Some people are of the opinion that Ripple, which is nearly one year old, is the currency which is going to dominate cross-border transactions due to its tools efficiency and proficiency.
|Ripple (XRP)||Stellar (XLM)||Litecoin (LTC)|
|Total Coins||99.9933 billion||103 billion||84 million|
|Transaction Clearance||2-4 sec||2-4 sec||2-5 minutes|
All three cryptos, Ripple, Stellar and Litecoin, posses the potential of breaking into the mainstream ones. Each of the currency has a passionate leader behind it; Ripple holds Brad Garlinghouse, Stellar Jed McCaleb, and Charlie Lee leads Litecoin – all three are charismatic leaders.
But, going by the partnerships, demand, and market figures, it looks Ripple takes the day as things stand right now. No one should be surprised to see Ripple (XRP) succeeding in mass adoption ahead of the competition.
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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.
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Reasons Why 2019 May Be A Great Year For Crypto
The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.
The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.
With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.
1) Bearish market to loosen its grip
The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…
3 Coins with the Largest Potential in 2019
2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.
Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.
Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.
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Crypto projects have gone through several crucial periods of development, and while it is fascinating to watch their progress to maturity, a lot of investors are becoming impatient. During the first few years, they were barely known, only talked about in specific groups, among those developers and investors who had the luck to find out about them in the early days.
The next several years, altcoins started appearing, and the voice of cryptocurrency slowly started to spread. Then, there was a period of hype, when crypto exploded, and the entire world finally learned about this new technology that promised to change the world. Naturally, the overhype led to a market crash and price correction that we experienced last year, but the impact was made, and the world is still talking about them on a daily basis.
However, now is the time for cryptos to deliver on their promise, grow up, and start showing results. There are high expectations for many projects, but for various reasons, they have yet to deliver, and many are hoping that 2019 will be the year when they finally do it. Let’s see which 3 crypto projects really need to show results, and soon.
1) Ethereum (ETH)
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