#Stellar lumen code#
The two platforms initially shared some code as Stellar was basically a fork of Ripple, but they are now based on completely different code bases. The XRP cryptocurrency acts as a bridge between fiat currencies and to save transaction costs by as much as 70%.ĭue to differences of opinion, Jed McCaleb, one of the founding members, left Ripple and founded Stellar in 2014.
It also provides a blockchain-based solution designed to facilitate cross-border payments between financial institutions. Ripple was founded in 2012, and it offers a digital payment network for financial transactions. This is one of the many areas where Ripple and Stellar are making improvements. In short, they are revolutionizing international payments and bringing it to the 21st century in terms of speed and usability.įor example, if you need to send money abroad, it can actually be faster if you personally travel with a suitcase of money instead of going through the current system which uses technology developed in the 1970s. Let’s jump right into it!Īt their core, Stellar Lumens and Ripple are solving issues related to the outdated, slow, and expensive (cross-border) payment methods. You can expect the official launch and announcement as early as February 2019!Īs such, this is the perfect opportunity to take a closer look at the protocols behind Ripple and Stellar, two projects that share some similarities and a common history. Kriptomat is currently on a mission to list the top 20 coins in terms of market capitalization, and we are excited to announce that Ripple (XRP) and Stellar Lumens (XLM) will soon be added to our list of cryptocurrencies that can be bought directly with euro (EUR).
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