Stellar Lumens VS Ripple | The Crypto philosophers will chose Stellar
Hello to all dear friends and sorry as always for my Italianized English that you read in this article;)
One of the most interesting topics in the world of crypto currencies and crypto companies is definitely the challenge between Stellar Lumens XLM and Ripple XRP. As we can see day after day the Crypto universe is really curious and interesting because it really brings together different personalities and consciences.
Many people have approached the world of crypto as neophytes and are beginning to understand the philosophy step by step. Some are already expert nerds who adore the technology that underlies everything and therefore are committed above all from the point of view of information technology. Many others are real fans of trading and finance and therefore focus on the potential of investments, strategies, graphs, bands, supports and resistance that are gradually tracing the young trends of the economic world linked to the value of the crypts.
So it is not easy to evaluate a project from a single point of view, I think that the best crypto trader could be the one who can balance all the aspects we have just treated. The one who can assess the technological potential of a project, the partnerships that will converge in it, the flow of incoming investments and the probability of growth, will surely be able to do very well in the next 2-5 years.
So let's go into detail and analyze the difference between Stellar Lumens and Ripple in very simple and simplified terms.
Both want to simplify and make monetary transactions cheaper and less expensive in and outside countries. Transaction speed, economy and security of existing contracts are the 3 fundamental pillars that must be guaranteed.
Today, as we all know, money transfer times are very long, the cost of transactions extremely high and sometimes the bureaucratic parts to be evaded are boring and complicated. Think about when you should, for example, make an international bank transfer or use Western Union, Money Gram or similar.
Lumens are the native asset of the Stellar network. Native means that lumens are built into the network. Asset is how the network refers to an item of value that is stored on the ledger.
While you can’t hold a lumen in your hand, they are essential to the Stellar network; they contribute to the ability to move money around the world and to conduct transactions between different currencies quickly and securely.
If you plan to transact on the live network, you’ll need lumens to cover the base fees for those transactions.
By design, transactions on Stellar are very low cost. As of 2016, one lumen will cover 100,000 transactions. You may choose to purchase lumens as a supporter of the Stellar.org mission. Lumens are also available for purchase on markets and exchanges.
So...We could say that Ripple inspires more confidence as it is supported and fostered by major banking groups. In addition, its brand and its name are often rebounded in international media, thus receiving much attention from investors. The Stellar network is free to use. The code is open source, with an Apache license.
However, first we talked about some types of actors around the crypto currencies, including the idealists, the supporters of decentralization, for a free future and outside the "system". That's why many are in favor of Stellar and do not like Ripple.
When we are faced with a project we are increasingly careful in understanding if it will bring about improvement on a global level, if it can be an advantage for humanity and for the freedom of all.
To conclude, I think that from a financial point of view they could both be excellent investments with significant growth potential. However, if I have to follow my heart, my instinct and give my initial investment an innovative project for a fairer and more equitable world, I choose Stellar Lumens.
In fact, I've already done it! I prefer to keep and believe in my XLM tokens rather than in XRP. The judgment is yours and the choice is yours! A hug, see you soon
Most crypto world experts, and fans are saying same thing: XRP, ir bank coin, and has nothing to do with decentralisation. So that is the reason they say: NO to it.
Off course... I am thinking the same, but in that article i tried to be impartial ;) I choosed XLM off course on my portfolio. Good Luck!
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