(IJCH) Stellar - The Yin to Ripple's Yang (or How both XLM and XRP continue to prosper)
IJCH - Inside JaiChai's Head (Meaning: My Warped, Personal Opinions and Musings)
From the Author:
I am JaiChai.
And if I haven't had the pleasure of meeting you before, I'm delighted to make your acquaintance now.
I invite you to interact with everyone, learn, and have as much fun as possible!
For my returning online friends, "It's always great to see you again!"
During the last crypto dump, Stellar Lumens and Ripple XRP managed to stay in the green among a sea of red.
IMHO, their value is based more on fundamental capabilities vice speculation.
I have supported Stellar and Ripple and owned XLM and XRP for many years.
Here's a few of my past articles about them:
Stellar - The Yin to Ripple's Yang (or How both XLM and XRP continue to prosper)
Unlike Ripple's stranglehold on its protocols, Stellar is completely open-source and decentralized.
But given their use cases, this is understandable.
Ripple deals with legacy banking systems; while Stellar partners with communities around the world.
Stellar’s supporting organization (Stellar.org) is the only centralized entity in the entire Stellar ecosystem.
Its blend of centralized and decentralized worlds is a far cry from Ripple's and the banking world's obsession with privacy and protection.
Both Stellar and Ripple have enjoyed steady growth from the beginning.
In fact, both have skyrocketed into the Top Ten of cryptos in record time (with Stellar hitting a "1 Million User" milestone last month).
They both performed super fast transactions (3-5 seconds) way before CREDITS, Hashgraph, Bytecoin, IOTA, etc.
They also offer cross-asset (crypto to fiat) transfer of value across borders; with Ripple concentrating of financial institutions and Stellar focusing on emerging markets.
Early on, they led the way to insanely low processing fees.
They both have some big name partners.
Stellar with IBM and Stripe.
Ripple with Microsoft and Google.
Lastly, Stellar has proven to be a low cost, secure and stable smart contract platform and Ripple continues to build enterprise interoperability with more and more major financial institutions.
IMHO, with all their pluses, they have a bright future ahead and should be part of every crypto portfolio.
Mighty Kind of You for stopping by.
Truly hope to see you again!
About the Author
Believing that school was too boring, he dropped out of High School early; only to earn an AA, BS and MBA in less than 4 years much later in life – while working full-time as a Navy/Marine Corps Medic.
In spite of a fear of heights and deep water, he performed high altitude, free-fall parachute jumps and hazardous diving ops in deep, open ocean water.
After 24 years of active duty, he retired in Asia.
Since then, he's been a full-time, single papa and actively pursuing his varied passions (Writing, Disruptive Technology, Computer Science and Cryptocurrency - plus more hobbies too boring or bizarre for most folk).
He lives on an island paradise with his teenage daughter, longtime girlfriend and three dogs.