Jed McCaleb: The visionary behind Ripple and Stellar-a comparison of the two blockchain giants

Jed McCaleb: The visionary behind Ripple and Stellar-a comparison of the two blockchain giants

Jed McCaleb: Co -founder of Ripple and Stellar

Jed McCaleb is an important figure in the world of cryptocurrencies and, as a co-founder, made important contributions to the development of blockchain technologies from both Ripple (XRP) and Stellar (XLM). Due to his common role in both networks, Ripple and Stellar are often compared.

ripple (XRP)

Ripple was founded in 2012 and specializes in international payment transactions. The aim of Ripple is to make the transfer of money between different currencies faster and cheaper. The network uses its own cryptocurrency, XRP, to facilitate transactions and at the same time act as a bridge between different Fiat currencies.

Stellar (XLM)

In 2014, McCaleb Stellar, a network that pursues similar goals as Ripple, founded with a stronger focus on the provision of financial services for unknown population worldwide. Stellar combines blockchain technology with a decentralized network to facilitate access to financial services and support people in developing countries.

Comparison of ripple and stellar

Although Ripple and Stellar were both launched by Jed McCaleb and have some technological similarities, they differ in their goals and target groups. Ripple is primarily aimed at banks and large financial institutions, while Stellar focuses on the support of individuals and small companies.

FAZIT

Jed McCaleb has made a decisive contribution to shaping the landscape of the digital currencies. The two platforms play an important role in the further development of the financial technologies and show how blockchain solutions can revolutionize the transmission of value.