Why does stellar and ripples have similarities?

[Sherry_mae]

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.

[Burdogs]

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

[Bobcrypto]

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.

[altcoingamer]

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.

[Eben]

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.

[Memphis]

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.

[Quantum X]

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.

[Dinid]

Beginning story, Stellar is Ripple fork, But with different goal/vision/advantages right ?

[chinito]

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.

[daviost]

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

[Rembang]

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.

[daviost]

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.

[Rembang]

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.

[Richa99]

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.

[Ibraheem]

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.