Are you ready to make a choice?
When it comes to a choice between Stellar and Ripple, it can be quite daunting. Even more so if the knowledge of blockchains is limited. However, there is no need to worry. This article provides a fair and factual comparison between Stellar and Ripple.
Stellar
Stellar is an open-source blockchain network that was created by the co-founder of Ripple, Jed McCaleb. Stellar is built on the idea of bridging the gap between traditional finance and blockchain technology. Stellar's native cryptocurrency is called Lumens (XLM). Stellar is known for its low-cost, fast, and secure transactions.
Ripple
Ripple is a blockchain-based platform that aims at making the process of cross-border transactions faster and more efficient. Ripple's native cryptocurrency is called XRP. The platform has been adopted by several banks and financial institutions, making cross-border transactions its main use case.
Comparison
| Feature | Stellar | Ripple |
|---|---|---|
| Year Founded | 2014 | 2012 |
| Main Use Case | Cross-border Payments | Cross-border Payments |
| Market Cap | $17.8 billion | $45.67 billion |
| Transaction Speed | 3-5 seconds | 4 seconds |
| Transaction Cost | $0.00001 | $0.0004 |
As the table above shows, both Stellar and Ripple have similar use cases that are mainly focused on cross-border payments. However, when it comes to transaction speed and cost, Stellar outperforms Ripple. With regards to market cap, Ripple has a higher market cap than Stellar, indicating that it has a larger user base.
Conclusion
In summary, both Stellar and Ripple have their unique features, and which one to use depends on the individual's needs. However, based on transaction speed and cost, Stellar seems to be a more attractive option.
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