Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Stellar Forum => Topic started by: Bobcrypto on July 23, 2018, 11:39:35 AM
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I think there are similarities between Stellar and Ripple eg (both are decentralized, open-source, fast, cheap, etc), the two are completely different in terms of scalability and use cases.
Are there further deferences between these two coins? Please share your thoughts.
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indeed these two coins have some similarities, but I think everything also has a difference, and I think the difference between transaction costs.
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Actually, these coins are very alike. One of the biggest differences these coins share is, Stellar serves to promote financial access and inclusion and is a non-profit open-source technology. On the other hand, Ripple is creating a payments network with large financial institutions and is, a profit entity.
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Actually, these coins are very alike. One of the biggest differences these coins share is, Stellar serves to promote financial access and inclusion and is a non-profit open-source technology. On the other hand, Ripple is creating a payments network with large financial institutions and is, a profit entity.
Good clarification points, +Karma rewarded, keep up the good work!
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Ripple work on profit-generating, payment processing solutions for banks and corporations, while Stellars’ aim is promoting non-profit distribution of wealth internationally — the market cap discrepancy kind of makes sense. This i think is one of the main difference between the two coin although it can also be differentiated philosophically, technically, and culturally.
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Actually, these coins are very alike. One of the biggest differences these coins share is, Stellar serves to promote financial access and inclusion and is a non-profit open-source technology. On the other hand, Ripple is creating a payments network with large financial institutions and is, a profit entity.
Good clarification points, +Karma rewarded, keep up the good work!
Hello, Altcoingamer, I appreciate your good gesture with the award of positive Kama to one of us in this forum. I hope it brings more improvements to him or her with this award. Thank you
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it's true that stellar and ripples have a lot in common and that doesn't mean they don't have differences, and I think the difference is about usage.
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I think stars and ripples also have good potential that we can hold right now, because now the price is still cheap, so you will also get better benefits in the future.
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Both of these coin are decentralized and good to invest because their market price value are still cheap but Ripple is creating a payments network with large financial institutions and it is a profitable coin.
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it's true that both have similarities but I think here also has differences and in my opinion the differences include features and also the use of the coin.
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it's true that stellar and ripples have a lot in common, but I think that also has differences, and I feel the features of the coins.
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it is true that the two coins between stellar and ripples have a lot in common and I think that is very good, but between the two coins it also has differences in several ways.
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stars and ripples also have good potential that we can hold now, because now the price is still cheap, so you will also get better benefits in the future.
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It is true that there are similarities between ripples and stellar, and there are also differences and I think the difference between the ripples is the bank's currency, or a lot of cooperation with the bank.
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the difference in cmc volume is very far, the difference in popularity that is quite far away is what I know in my own analysis
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It’s unclear whether there are live payments on Ripple yet — larger banks tend to be a much more conservative batch, and it’s possible that some will branch off to build their own technology and networks.
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Many people say ripple is not decentralized but it is centralized because it is used many bank. Ripple also but it is has certification halal.
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RIPPLE and STELLAR is a network of real-time gross settlement system (RTGS), currency exchange and remittance. The Ripple Transaction Protocol (RTXP) or Ripple protocol and Stellar Protocol (SCP) protocols are built on Internet protocol and ledger consensus .
The native Ripple currency is called XRP. Ripple is supported by Ripple Labs company www.ripple.com
Currency Stellar is Lumens (XLM). Stellar is supported by the Stellar Development Foundation (SDF) nonprofit body www.stellar.org
Both of these networks provide tokens that represent fiat currency, crypto currency, commodity or other unit of value such as frequent flier miles or even mobile pulses. Ripple and Stellar are distributed to public databases or ledgers that use a consensus process that allows the payment, exchange and remittance processes to occur in the distributed process.
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Lumens is the cryptocurrency that supports the Stellar technology and it is sometimes called XLM, which is its ticker symbol. Lumens has done very well since it was released and it is now a strong multi-billion dollar top 10 cryptocurrency. Although Stellar can also be used by banks, the team are aiming their protocol towards the developing world.
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I think the difference lies in the transaction costs. And indeed these two coins have some similarities, but I think they also have differences
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it is true that there are so many similarities between stellar and ripples, but that all must be different between them, and we can see all those differences.
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it's true that there are so many similarities between stellar and ripples, but that there must also be differences but I don't think the difference is too far.
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the difference is quite striking though the price has little in common hehehe but there are more differences in the function of the token made
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You missed something a lot of people said about Ripple.
Centralized coin ripple that gets full support from Bankers and this is definitely the first cryptocurrency to get the acquisition label from BANK. Cmiiw
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Ripple has a goal to continue to be in the banking sector and continue to work closely with the Central Bank of Representatives throughout the world.
But Stellar is not like that because Stellar is still real coin decentralized.
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Ripple and Stellar Both are not 100% Decentralized. Stellar Still Holds 80% of the XLM, some part of which are release to curb increase in price of Coin. So XLM price always remains low.
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Ripple was created in 2012 by American programmers David Schwarz and Jed McCaleb, with Chris Larson aiding in the business side of things. The project has its own cryptocurrency called XRP, which has the third highest market capitalization out of all cryptocurrencies. There is often confusion about the difference between Ripple and XRP, so let me clear things up and then move to the Stellar vs Ripple battle.
Ripple is the name of the company that is developing the software technology. This technology is powered by Ripple’s native cryptocurrency – XRP.
The Ripple technology was created to allow banks to transfer money internationally in just a few seconds, at practically no cost. The reason the founders decided to build it was because the current cross-border payments system is slow, expensive and inefficient.
This industry is huge, with an estimated $150 trillion being transferred between international banks every year. However, most of these transactions go through a centralized organization called SWIFT.
Sending payments through SWIFT can sometimes take days before it reaches the receiving bank, especially if less popular currencies are used. SWIFT also need to use correspondent banks, which helps connect both the sender and receiver to the network.
Every third party that is involved in the transaction charges their own commission, which is why it costs banks so much to send money overseas.
However, the Ripple system uses something called distributed ledger technology, which allows banks to bypass third parties and instead trade bank-to-bank.
The XRP cryptocurrency can also be used by banks using the Ripple technology, as it helps provide liquidity between two different currencies. In total, there will be 100 billion XRP coins issued, with the Ripple team holding almost 60% of this supply.
It is important to remember that although the Ripple protocol is being targeted to the banking industry, it can be used by anyone to send and receive funds, wallet-to-wallet.
So, now that you know what both Ripple and XRP are, the next part of my Stellar Lumens vs Ripple guide is going to give you an overview of Stellar Lumens!
Stellar Lumens was created two years later in 2014 by Jed McCaleb, who was a co-founder of Ripple. Just like I mentioned earlier, where there is a difference between Ripple and XRP, there is also a difference between Stellar and Lumens!
Stellar is the technology that allows funds to be sent and received quickly and cheaply. Stellar also uses a distributed ledger protocol to process transactions and its code is very similar to Ripple’s. In fact, lots of people think that it is a fork of Ripple, however, the Stellar Lumens developers say that it is not. So, the Stellar vs Ripple is already starting.
Lumens is the cryptocurrency that supports the Stellar technology and it is sometimes called XLM, which is its ticker symbol. Lumens has done very well since it was released and it is now a strong multi-billion dollar top 10 cryptocurrency.
Although Stellar can also be used by banks, the team are aiming their protocol towards the developing world. The idea is that by using Stellar, everyday citizens and organizations from poorer countries will be able to transfer money internationally at practically no charge, in just a few seconds.
The Stellar protocol can also exchange two fiat currencies directly if there is enough activity, however, if this isn’t possible it can just use Lumens to bridge the two together.
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I still strongly believe in the excellent Litecoin project, and I believe that the future of Litecoin will increase in price.
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it is true that between stellar coins and ripples have a lot in common, but they also have differences, among others, about the features they have each.
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it is true that between ripple and stellar there are similarities, but they also have differences and usually about the features and systems of cooperation they do.
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The similarity between XLM and Ripple is understandable because both are established from the same person, Jed McCaleb, and for the difference both only in transaction costs
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it is true that there are many similarities between the two coins, and on the other hand there are also differences between them, and one of the differences in my opinion is the price of the two coins.
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I think Ripple is working for profit, it's a payment solution for banks and companies, and while Stellars' goal is the distribution of wealth internationally - a sensible difference in market cap. This in my opinion is one of the main differences between the two coins although they can also be distinguished philosophically, technically and culturally and others.
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Stellar and the Ripple both coins are great and these both coins go high in future but the Stellar coin have so much chance to go high then the ripple coin.
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Smartcontracts, I am looking for this knowledge in various online media if Ripple doesn't have Smartcontracts but Stellar does.
I often see in various bounties that Stellar uses a lot of samrt contracts to create tokens in various IPOs or ICOs.
Ripple doesn't have smart contracts because Ripple is really a coin that has a different vision for expanding its business when compared to Stellar.
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Today I am not an ardent supporter of the Ripple recall, but at the same time I recognize the superiority of Ripple over Stellar if we consider these coins as an investment. Stellar has been in despondency for a very long time and developers of new projects practically do not use this platform. Stellar is by far the most used as a speculative asset. Ripple, on the other hand, has a very strong support community.
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Stellar is still better to be chosen over Ripple coins because I really believe that Stellar is decentralized.
Ripple is a coin owned by the devs about 70% and this is the type of coin that can be said to be centralized and that is not good for the cryptocurrency community.
But for the second choice, it's better for us to be able to judge ourselves from the two coins so that we don't regret buying the two coins in the future. Always DWYOR if you stay in cryptocurrency space.
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Ripple and Stellar are still in the same company but the main choice of the company fell on Ripple and Stellar became the second choice.
These two coins are mutually reinforcing and have something more valuable than money but value in the community.
I also believe that these two coins will continue to last a long time in the cryptocurrency space.
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Ripple and Stellar are still in the same company but the main choice of the company fell on Ripple and Stellar became the second choice.
These two coins are mutually reinforcing and have something more valuable than money but value in the community.
I also believe that these two coins will continue to last a long time in the cryptocurrency space.
I think both are Very potential coins for the same company.
But it depends on your decision, if you confident in stellar, You can invest on it.
Ripple as the main choice of the company, stellar seems good as decentralized system.
I have invested on both and got profits.
I think good to hold those
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I think there are similarities between Stellar and Ripple eg (both are decentralized, open-source, fast, cheap, etc), the two are completely different in terms of scalability and use cases.
Are there further deferences between these two coins? Please share your thoughts.
Aside from their scalability and use cases as the differences, the easiest to determine is their current price. I have no problems in doing transactions for both XRP and XLM, even if they both having a second requirement before sending such as destination tag and memo respectively.
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In my search for one, I came across Paragen Launchpad, where their token name is $RGEN and one of the reasons why I invested in it was because of their staking features and the apy is high and they are already listed by pancakeswap and coinmarketcap it is the best token I have ever seen.