Stellar (XLM) & Ripple (XRP) – The Evolution of Cross-Border Payments
In the ever-evolving landscape of blockchain and decentralized finance, Stellar (XLM) and Ripple (XRP) stand out as two of the most influential payment networks aiming to revolutionize cross-border transactions . While both projects share similarities in their origin and mission, they have taken distinct paths in the blockchain ecosystem. Let’s dive into the history, differences, and future of XLM and its connection to Ripple. What is Stellar (XLM)? Stellar is an open-source, decentralized blockchain network designed to facilitate fast, low-cost international payments . It was created by Jed McCaleb , a co-founder of Ripple, after he left the Ripple project in 2014. Stellar focuses on financial inclusion , providing a network where individuals, banks, and institutions can transact seamlessly using its native currency, Lumens (XLM). The network’s consensus mechanism, known as the Stellar Consensus Protocol (SCP), allows for fast transactions without relying on mining , making it mor...