XRP vs. Stellar (XLM) vs. Cardano (ADA): Which Altcoin Reigns Supreme?

15 August 2020

in XRP

Reading Time: 3 mins read

OUR STORY DISCOVER CRYPTOCURRENCIES NEWS AND UPDATES

XRP, Stellar (XLM) and Cardano (ADA) are three altcoins that have unique growth potential on the crypto market.

Ripple, which owns more than half of the total supply of XRP and uses the crypto asset for remittances, has a rich history in e-payments dating back to the days of Ripplepay.com, as an early competitor to PayPal.

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In 2011, crypto-mogul Jed McCaleb (more on him later) joined Ripple, and XRP was launched two years after. Ripple’s network is centralized and non-distributed, and, technically, not a true blockchain. While it has some skeptics in the community, Ripple also has vast support from top financial institutions (e.g., AMEX, Santander) through RippleNet.

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Stellar Lumens (XLM), meanwhile, was created by McCaleb in 2014 after jumping ship from Ripple. The open-sourced coin is more community-oriented and focused on targeting the unbanked, making it different from FI-friendly Ripple. Stellar boasts its speed, claiming it can handle over 1,000 transactions per second.

Finally, Cardano (ADA) is viewed as a third-generation crypto after its 2015 launch. Built by a global team of leading academics and engineers, Cardano’s goal is to learn from past cryptocurrency mistakes with a big commitment to scientific philosophy and research.

Want to learn more about these promising altcoins? Check out the video from eToro below.

https://www.youtube.com/watch?v=v3kzln1AtDU

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