Ripple, Cardano, and Stellar Lumens All Have Potential. Ripple and XRP have similar use cases in the financial services sector. Ripple XRP’s history in the financial sector dates as far back as its creation.
It was one of the earliest competitors of PayPal. Ripple is a semi-centralized blockchain that doesn’t have a distributed ledger like other blockchains. This is why many people don’t believe that Ripple is a blockchain or that XRP is a true cryptocurrency. This has been a source of controversy for the token for years.
Ripple, the parent company of the XRP token owns more than 60% of the total XRP in circulation. They keep a bulk of their holdings in escrow but they liquidate these tokens occasionally to fund their projects. Despite all the negative media surrounding Ripple, the firm still has a lot of supporters in the financial industry including Santander, AMEX, and many others. Thanks to RippleNet, more than 300 companies across the world have shown interest in Ripple.
Stellar Lumens, on the other hand, was created by McCaleb, one of the developers that created Ripple. While Stellar Lumens is a payment services token like Ripple XRP, it is not focused on institutions. It is focused on unbanked individuals. This is one of the major factors that makes Stellar Lumens XLM different from Ripple XRP. The Stellar blockchain is faster than many other blockchains as it can process more than 1,000 transactions per second.
Cardano has been the most hyped blockchain in the industry since the beginning of the year. This is all thanks to the Shelley mainnet launch that has made the Cardano blockchain more decentralized than many other major blockchains in the industry including Bitcoin.
Cardano is the first blockchain that is based on scientific research and principles. It has many real-world use cases including in the financial industry like the other two tokens above.
If you’re looking for the most decentralized network, the Cardano blockchain should be your first choice out of the three. If you’re concerned with industry-focused financial applications and not too worried about decentralization, Ripple would do. Stellar Lumens is a great option for unbanked members of society. These three blockchains have strengths and weaknesses.
Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.
- Is Ripple XRP Better Than Cardano and Stellar Lumens?
- XRP Price is Currently Declining Along with ADA and XLM
Ripple XRP, Stellar Lumens XLM, and Cardano ADA are among the most popular tokens in the cryptocurrency industry even if their ranking on CoinMarketCap is not closed to each with other with XRP being in third place, Cardano ADA is 9th and Stellar Lumens is 14th.
These three tokens have been compared by a cryptocurrency analyst who classified the three based on their values in the real world and not just their prices. The analyst found that all these tokens have potential even if they are not the highest trading tokens.
