Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Stellar Forum => Topic started by: Sherry_mae on June 10, 2018, 06:12:51 AM
-
It is both of them used the same protocol and stellar is also a open source technology and the goals of stellar is to connect finanial institutio and reduce the cost and time crossed for transfers.
-
It is both of them used the same protocol and stellar is also a open source technology and the goals of stellar is to connect finanial institutio and reduce the cost and time crossed for transfers.
Stellar and Ripple are similar and has same founder, however stellar is dedicated for a very good cause, to fighting poverty, and stellar is focused for micro payment,
which Ripple is focused and being controlled by banks
-
It is both of them used the same protocol and stellar is also a open source technology and the goals of stellar is to connect finanial institutio and reduce the cost and time crossed for transfers.
The following are the similarities between both Ripple & Stellar coins:
Ripple was founded in 2012, and Stellar Lumens was released in 2014 as a fork of Ripple.
Payments on both networks settle within 5 seconds.
Transaction fees are almost non-existent.
Both networks can handle a high transaction volume of 1000+ transactions per second.
Both are built on a distributed open-source protocol.
-
It is both of them used the same protocol and stellar is also a open source technology and the goals of stellar is to connect finanial institutio and reduce the cost and time crossed for transfers.
The following are the similarities between both Ripple & Stellar coins:
Ripple was founded in 2012, and Stellar Lumens was released in 2014 as a fork of Ripple.
Payments on both networks settle within 5 seconds.
Transaction fees are almost non-existent.
Both networks can handle a high transaction volume of 1000+ transactions per second.
Both are built on a distributed open-source protocol.
Good answer to this question. Really like you pointed out it was a fork since it was so long ago, awarding karma.
-
Stellar is an open-source payment technology that shares several similarities with Ripple. Its founder, Jed McCaleb also co-founded Ripple.
Much like Ripple, Stellar is also a payment technology that aims to connect financial institutions and drastically reduce the cost and time required for cross-border transfers.
-
Well I didn't know this, could this be the reason prices of both coins seem to be similar. Seem to be jinxed, to moon for a new support in a long while.
-
In the market there is always competition so i believe this is the very reason of why both of this altcoin has similarity but you can find tanong them which one is better and that will create influence.
-
Beginning story, Stellar is Ripple fork, But with different goal/vision/advantages right ?
-
Beginning story, Stellar is Ripple fork, But with different goal/vision/advantages right ?
This is absolutely right.You have the idea.But in addition to this,both Stellar and Ripple coin has the dropping market price value now.But this two has the potential to gain more popularity in the near future.
-
Yeah they both look have the same similarities cause their founder is just the same.
But Stellar more focus on their personal payment and micro Payment and Ripple more focus on the bank processing.
But I prefer Stellar more than Ripple cause they are cheap and fast too ^^.
The transfer/withdrawal fee more cheap too. Hope someday Stellar can win against ripple
-
it's true that stellar and ripples have something in common, but I don't think that is a problem and it's also good.
-
You can find they are both similar because both of them cause co founder ripple claims a decentralized network is necessary for a cryptocurrency to be successful in the long term. This is why he split off from Ripple to form Stellar in 2014
Stellar is actively working on awesome partnerships with live impact like IBM, but don’t have as much of a marketing and PR machine behind them. They’re also focused less on big brand banks and more dedicated to smaller money transfer operators. Ripple, on the other hand, has a huge team, lots of capital, and is generating a lot of publicity with big name partnerships.
So the conclusion is Stellar and Ripple serve different markets and offer different technology.
-
it's true that stellar and ripple also have a lot in common and I think it's very good, but it also has differences.
-
it's true that stellar and ripples have something in common in the financial sector, but I think both have very good potential in finance.
-
Well I didn't know this, could this be the reason prices of both coins seem to be similar. Seem to be jinxed, to moon for a new support in a long while.
-
it's true that stellar and ripples have a lot of things in common, and I don't think that is too much of a problem, and I think it's actually getting better and with the same potential and future, it's very good for all of them to progress
-
so the goal is to have a fairly cheap fee for coin transfer fees, and have speed in transferring into the wallet
-
This split led to the creation of a new and philosophically distinct entity that has numerous differences from Ripple. Stellar claims to have fixed some of Ripple’s existing problems (Ripple disputes this), but ultimately the riff seems to be about overall vision as much as anything.
-
There is also some rivalry between Stellar and Ripple, partly due to Stellar’s claim that it’s an improvement on Ripple’s existing code. As it stands, Ripple has made a name for itself in the banking industry, as a way to conveniently facilitate the transfer of fiat between users. Stellar in its own right has also secured its place as a medium of asset transfer.
-
I think on paper they re both very similar projects but they re actually far from identical.Stellar also aims to offer fast and affordable cross-border transactions but it uses a distributed payments network designed.
-
In addition, both Ripple and Stellar make it their goal to improve the ease of completing transactions across borders, particularly those that involve multiple currencies.
-
it is true that stellar and ripple have the same purpose about financial transaction costs, and I strongly believe that the two coins have great potential.
-
it's true that stellar has similarities with ripples, and that is a very good thing, and I strongly believe that stellar will be better someday, at a high price.