The post XLM vs. XRP: Which One is Better, Stellar Lumens or Ripple? appeared on BitcoinEthereumNews.com.

Have you ever wished sending money overseas was as easy as pinging your mate on your phone? That’s the goal of cryptocurrencies like XLM (Stellar Lumens) and XRP (Ripple).  Both are shaking things up in the world of finance, promising to blast through those slow and pricey international transfer fees. But with all the crypto talk and crazy names, figuring out which one to use can feel like trying to crack a code.  No worries, though! This guide will ditch the confusing jargon and break down the key differences between XLM and XRP in a crystal clear way. We’ll talk about who they’re trying to help, how many coins are actually out there (their maximum supply), and that super-fast transaction speed they brag about.  By the end of this, you’ll be a pro at choosing your new best friend for sending money around the globe. So, ditch the FOMO and get ready to unlock a future where sending money overseas is as smooth as, well, sending a text! What is Stellar (XLM)? Stellar is a decentralized blockchain platform developed by the Stellar Development Foundation (SDF). Its primary cryptocurrency trades under the symbol XLM on various exchanges, and is integral to the Stellar decentralized network, facilitating transaction fees and account initialization. Stellar’s mission is to connect banks, payment systems, and individuals to enable low-cost, cross-border, and cross-asset financial transactions. This decentralized protocol operates on open-source code, making it accessible and transparent for users worldwide. Stellar’s network is designed for efficiency and speed, with transactions typically being confirmed within 3-5 seconds. Stellar operates on the Stellar Consensus Protocol (SCP), a unique protocol that uses a federated Byzantine agreement (FBA) model, where trust is established through a network of mutually trusted nodes. This approach ensures fast and secure consensus without the high energy consumption associated with PoW systems. The SCP allows the network to remain…

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Filed under: News - @ June 28, 2024 9:12 am