Skip to content
Crypto News Focus logo CNF_CRYPTO_NEWS_FOCUS_LOGO 8

Crypto News Focus

your day to day crypto news site

Primary Menu
  • Home
  • News
    • Bitcoin News
    • Ripple XRP news
    • Ethereum News
    • Cardano News
    • Shiba Inu News
    • Pi Network News
    • More
  • Analysis
  • PR Desk
  • About Us
  • General Policy & Privacy
  • Guides
    • Bitcoin Guides
    • Pi Network Guide
    • Cardano Guide
  • Politics
  • Tech
  • Home
  • News
  • Stellar vs. Ripple: Jed McCaleb Explains the Key Differences
  • News

Stellar vs. Ripple: Jed McCaleb Explains the Key Differences

Cal Evans 27 November 2024
Steller xlm LOGO oN BLACK BACKGROUND
  • Jed McCaleb emphasized that Stellar is fundamentally different from Ripple, with distinct code, a unique consensus mechanism, and features like smart contracts, making it better suited for real-world transactions.
  • He highlighted Stellar’s rising adoption, including its role in Wyoming’s WYST stablecoin project, and called it the most underrated crypto project despite its significant transaction volume and tangible impact.

Cryptocurrency enthusiasts often draw comparisons between Stellar and Ripple due to their shared history and overlapping use cases. However, Jed McCaleb, founder of the Stellar Development Foundation and former CTO of Ripple, recently emphasized the significant differences between the two platforms.

Distinctive Foundations

McCaleb clarified that Stellar and Ripple diverge fundamentally in their design and purpose. “Stellar is very different from Ripple. No shared code, different consensus mechanism, different features—we have smart contracts, etc.,” he stated. This distinction highlights how Stellar’s technical infrastructure and capabilities cater to diverse needs beyond Ripple’s offerings.

Ripple is primarily focused on facilitating seamless cross-border payments for financial institutions. In contrast, Stellar extends its reach by offering robust smart contract capabilities and enabling everyday real-world transactions. According to McCaleb, Stellar processes more daily transactions than nearly all blockchain networks, trailing only two.

Stellar’s Rising Recognition

Stellar’s innovative approach has gained recognition, evident in its inclusion in Wyoming’s WYST stablecoin project. This endorsement underscores Stellar’s capabilities as a blockchain network, as it was chosen over several prominent competitors.

Cardano founder Charles Hoskinson recently alluded to this selection, contrasting it with Ripple’s perceived limitations. He hinted that Wyoming’s decision criteria favored Stellar’s features and performance, sparking discussions about Stellar’s growing edge in the cryptocurrency landscape.

An Underrated Contender

Despite Stellar’s achievements, McCaleb believes it remains “the most underrated and least understood crypto project.” Stellar’s native token, XLM, has recently experienced a surge, hitting multi-year highs. However, its strong correlation with Ripple’s XRP token often leads to misconceptions about its capabilities.

McCaleb pointed out that Stellar is already being utilized extensively for real-world applications, showcasing its potential to revolutionize financial systems. “Many real people are already using it for actual real-world transactions,” he said, positioning Stellar as a blockchain with tangible impact.

Conclusion

Stellar’s growing adoption and recognition highlight its unique place in the crypto ecosystem. While it may share some similarities with Ripple, its distinct features, including a unique consensus mechanism and support for smart contracts, set it apart. As Stellar continues to gain traction, it could emerge as a leading force in shaping the future of decentralized finance.

Jed McCaleb’s assertion underscores that Stellar is not just another blockchain—it’s a groundbreaking platform with untapped potential. The crypto world would do well to take note.

Continue Reading

Previous: Litecoin Price Forecast: Will Whale Activity and ETF Rumors Drive LTC to $100?
Next: Ethereum Breaks Out: Hits 6-Month High as ETFs Fuel Bullish Momentum

Related Stories

Monero XMR Highlight_simple_compose
  • Analysis

Monero XMR Is Heating Up Aiming $500 Now After Bullish Surge

Simon Njenga 3 June 2025
shiba inu
  • Analysis

Shiba Inu’s Massive Token Burn Sparks Hopes for 500% Price Rally

Jane Kariuki 3 June 2025
dogecoin on marbles
  • Analysis

Dogecoin Under $0.25: Smart Buy or Risky Bet?

Dennis Gatheca 3 June 2025

For general inquiries, please email us at Info@cryptonewsfocus.com

Crypto news focus is your day-to-day crypto news site. Get all the latest News and trends in the crypto, blockchain, and DeFi space. For more info and inquiries, reach out via email at info@cryptonewsfocus.com

You may have missed

Monero XMR Highlight_simple_compose
  • Analysis

Monero XMR Is Heating Up Aiming $500 Now After Bullish Surge

Simon Njenga 3 June 2025
shiba inu
  • Analysis

Shiba Inu’s Massive Token Burn Sparks Hopes for 500% Price Rally

Jane Kariuki 3 June 2025
dogecoin on marbles
  • Analysis

Dogecoin Under $0.25: Smart Buy or Risky Bet?

Dennis Gatheca 3 June 2025
Litecoin coins
  • Guide

How to Keep Your Litecoin Secure with Simple Safety Tips

Jane Kariuki 3 June 2025

Social Media

Crypto News Focus © All rights reserved | MoreNews by AF themes.
Go to mobile version
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok