Stellar Founder McCaleb: Key Differences Between XRP and XLM Paths
Jed McCaleb wants to make it clear that Stellar and Ripple are not the same. Despite having shared origins, they have distinct codebases, consensus mechanisms, and features. Stellar stands out for its real-world impact, processing ten times more transactions than Ethereum and offering smart contracts that Ripple does not have.
In response to some confusion in the crypto community, McCaleb, the founder of Stellar Development Foundation (SDF) and former Ripple CTO, emphasized the unique qualities of Stellar compared to Ripple. He took to Twitter to clarify that Stellar is very different, highlighting the lack of shared code, different consensus mechanisms, and the presence of smart contracts.
McCaleb believes that Stellar is underrated and not fully understood, pointing to its significant real-world usage. Many users rely on Stellar for practical applications, and its efficiency in processing transactions is unmatched. Despite their shared origins, Stellar and Ripple serve different purposes, with Stellar’s focus on practical adoption and efficiency.
Stellar’s recent involvement in Wyoming’s WYST stablecoin project and the surge in its token, XLM, to multi-year highs reflect growing attention in the blockchain community. While some compare Stellar to Ripple, McCaleb is firm that Stellar has its unique path and potential within the crypto space.
As of today, Stellar (XLM) is trading at $0.4306, with recent fluctuations in value but an overall upward trend. The market views this as a vote of confidence in Stellar’s vision to revolutionize digital finance.
Remember, this article is for informational purposes only and not investment advice. Conduct your research and consult financial advisors before making any investment decisions based on the information provided.
