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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

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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coins
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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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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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