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Ripple (XRP) vs Stellar (XLM) and Litecoin (LTC)

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Ripple Stellar Litecoin
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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.

Others claim Litecoin is better than Ripple as it is not only centered on a particular purpose rather it can be used for paying various day to day goods and services.

  Ripple (XRP) Stellar (XLM) Litecoin (LTC)
Market Cap $23,450,321,263 $4,738,636,417 $6,077,355,415
Price $0.59 $0.25 $106.7
Trading Volume $329,825,000 $47,232,600 $331,992,000
Total Coins 99.9933 billion 103 billion 84 million
Governance Centralized Decentralized Decentralized
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.

Image courtesy of Pxhere.com

Altcoins

Analyzing The Best-Performing Cryptos

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cryptos
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Over the nebulous first half of this year, some tiny cryptos were able to grow by more than 1000% and reach the desired top 100, while others that were already in the top 50 bastions simply zeroed. What factors led them to perform like this? Luck, external factors or well-made decisions?

First of all, it is important to clarify that it would be unwise to analyze them disregarding the market context (crypto and non-crypto) of the period, so we’re using a holistic approach.
In our timeframe, considering the traditional market cycle of emotions, in contrast to the standard chart below, the euphoria quadrant had a much larger peak and a much shorter duration, starting in the middle of 2017 and ending at the beginning of 2018, while we were stuck in the period of “excitement” since, maybe, 2015. The emotions in red passed in a rush and at the end of July, we were already in deep “despondency”.

Source: https://russellinvestments.com/ca/insights/the-market-cycle-of-emotions

Besides to the fact that the market completed half of the cycle in less than half a year, some very relevant things, besides the usual phenomena expected of an investment market, happened during this period. In addition to the hype the period enjoyed and the fact that bad, inexperienced investors were frantically joining the crypto market, we…

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Is Tether (USDT) really a stable coin?

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Tether
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Tether is one of the top digital assets in the crypto-sphere. The coin was launched in November 2014 after it changed its name from Realcoin so that the crypto community doesn’t associate it to the altcoins. It is important to know that Tether is a currency that helps to convert fiat currencies into digital currencies.

Moving forward, there have been lots of FUDs around Tether these days as regards to whether it is going to be a truly stable coin as the market has seen dips lately. Also, the FUDs around Tether have raised questions on whether there are any backings to the digital asset.

It is crucial to know that other factors have been attributed, and one of them was a report from last month that stated that Tether and Bitfinex, had gone their separate ways with Noble Bank. The separation made Bitfinex suspend fiat wire deposits – without no reason or whatsoever.

Tether, in regards to market worth, comprises about 92 percent of the market capitalization of stable coins. Also, this stable coin offers two purposes: to stabilize the volatility of Bitcoin, and also to preserve the amount of money purchasing power investors have at hand when the value of larger cryptocurrencies such as BTC drops.

The coin is a good alternative for traders when trying to cash-in on fiat currencies, as we do know that trying to move money from different exchanges to fiat…

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TRON Partnership Involves Cloud Computing

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TRON partnership
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It has been almost an entire week since Justin Sun, the founder of TRON (TRX), announced a new big partnership for this cryptocurrency. His Twitter announcement did not provide a lot of information, except for the fact that the TRON partnership is with an industry giant worth tens of billions of dollars.

Even so, the entire crypto community started speculating about the new partner’s identity. Soon after the announcement, a new rumor emerged, claiming that the identity of an unnamed corporation was uncovered. According to the rumor, TRON’s new partner is none other than Baidu, one of the largest tech giants of China, which also represents this country’s largest internet search provider.

Baidu is often viewed as China’s version of Google, and if the rumors of a partnership with this company turn out to be true, this will be a big game-changer for TRON.

However, in days following the announcement, new reports started coming in with claims that the partnership will not revolve around blockchain technology. Instead, ODaily reported that the alleged partnership between TRON and Baidu will be focused on cloud computing. The report claims that TRON will be purchasing computing resources from Baidu.

Baidu to…

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