Since the emergence of crypto coins, we have seen many exciting projects in the industry. Some projects are unique, and others aim to improve it by adding something over the previous one.

Although the number of crypto money increases day by day, both the speed and the partnerships and the two projects stand out among them. Ripple and Stellar. The two projects have many similarities and common points. Besides, there are contradictions in the philosophy of crypto coins.

We hope you will enjoy the common points of Ripple and Stellar, their differences and their unique points.

Ripple

Compared to Stellar, Ripple previously, appeared in 2012. The project is a product of Chris Larsen and Jed McCaleb. The developers of Ripple aimed to ensure that the system they developed was almost instantaneous and free of cross-border money transactions. In summary, Ripple was launched as a payment protocol to facilitate the transfer of funds between borders.

Traditionally, international money transfers are slow and costly. Ripple set out to change this model. The xRapid system, which already has many banks, is trying to change this scheme.

We've covered Ripple in detail. from here You can reach.

Stellar

Stellar appeared a few years after Ripple, and co-founding partner of Ripple Jed McCaleb was one of the co-founders of this project. Stellar also uses a blockchain network to handle payments. We cannot say that the code bases of Ripple and Stellar are very similar.

Stellar's project goal shows some similarities to Ripple. Stellar, who wants to make immediate and cheap international payments possible, is a bit more of a crypto-money philosophy, because its focus is on individuals rather than banks and institutions like Ripple. Stellar's protocol is designed to be a bit more flexible than the available payment options like PayPal. Stellar's shipping cost is also very low - only 0,00000 XLM per transaction.

Is Ripple or Stellar?

Important Similarities Between Ripple and Stellar

Stellar and Ripple compared to the comparison we have some basic similarities. Considering that the code bases are the same, it is not surprising to see some similarities. In addition, two projects were founded by Jed McCaleb. Both Ripple and Stellar are not connected to the miners. The lack of miners, both projects power Compared with the crypto coins that use it means stand out.

Both projects stand out with their speed. Top 10 Crypto Money There are also two projects.

In addition, both Ripple and Stellar claim that the blockchains they use are decentralized. The truth is, crypto money is not so sure about those who are interested in it.

Because, both of them do not allow the operation of nodes by the public. The developers of the project kept the nodes private and operated their nodes on many servers. In the case of verification of payments, both projects use distributed books (DLT).

For instant payments, they both receive a very low transaction fee.

Ripple and Stellar prioritized keeping the coin value low. Protecting the value will ensure that both projects have affordable services to support cheap cross-border payments.

Significant Differences Between Ripple and Stellar

Ripple and Stellar philosophies differ from each other. The developers of Ripple are designed to make the project instantly and cheaply for banks to make cross-border payments. On the other hand, Stellar focuses more on individuals. The project identified the main target of people who had no access to financial services in developing countries. According to McCeleb, the developer of Stellar, the project emerged as a result of his passion for helping people. The most important difference between Ripple and Stellar is that the Stellar code is open source and can be found in Github.

The two projects also differ in consensus. consensus is a system used to confirm payments without a third person. For Stellar, a protocol called the Stellar Consensus Protocol is used. On the other hand, Ripple implements the Proof of Corrections protocol to verify payments. All these protocols are different from the popular PoW and PoS models popular among other crypto projects.

Which is Better?

Before deciding which is better in the Stellar-Ripple discussion, there are some factors to consider. After Bitcoin, XRP is the second biggest crypto currency in the market. Since Stellar appeared two years after Ripple, Ripple has already established key partnerships with more than 100 banks. This collaboration also plays an important role in enhancing Ripple's confidence in developing market liquidity of Ripple's project. Overall, Ripple is ahead of Stellar due to its remarkable success. Platform, create a revolution in cross-border payments came to a point.

Stellar seems to be far behind when compared to Ripple because of its plan to provide affordable financial services worldwide. Stellar is far behind Ripple in terms of success, but his position in the market is not bad. Stellar is now the largest 9. crypto moneyHowever, it is a project that has a very good use and is quite high among crypto currencies with its worldwide use. There is also the possibility that Stellar will attract more customers in the coming days as it targets developing countries.