Battle of Centralized vs Decentralized
Stellar lumens is making its way upthe ranks on Coinmarketcal.com and its looking like it may be setting up to challenge Ripple and possibly Ethereum in the future. Since the almost psychadelic highs of 2017, we have all experienxed lows to varying degrees but it seems some currencies have been able to take less damage than others as a steady stream of news has helped kep them afloat. One of these is Stellar Lumens, which has been able to prove itself as one of the best performing and fastest growing Blockchain platforms. Its promising rise comes at a time when Cryptocurrencies are having to prove themselves or fail.
In this era of use cases two giants have begun to emerege, Ripple & Stellar have proven that their platforms have the power to serve the global financial sector. Their approaches have simularities but they actually have greater differences that will likely ensure a successful future. Ripples centralized platform offers organizations the ability to build on it, and it is geared towards the banking industry not individual users. Stellars platform like ripple addresses the problem of cross broder remittances but runs on a more decentralized blockchain.
Is Stellar useful?
I wont explain how useful ripple has been to the international banking industry, which has practically thrown its arms open and embraced Ripple. Instead I would like to focus on the usefulness of the stellar platform, which is starting to flourish as institutional investors begin to work with and trust the platform.
Now first off i want to say that stellar and Ripple do not allow users to run their own nodes. the only difference in that aspect is that Ripple is owned by a coropration and Stellar is not. With that being said after looking over the two companies websites you see that Stellar is obviously built so anyone with the skills can develop with their platform. So in the department of developer friendliness Stellar takes the cake.
As far as it main purpose of remittances Stellar has been playing catchup wit Ripple's exponential growth and influence with the global banking sector. Recently stellar has had a huge announcement though, IBM is working to create a stablecoin on the stellat platform. The creation of a stablecoin that is more accountable than tether will be a huge assist for the Cryptocurrency economy. With a stable coin traders could seriously hold and transfer FIAT value across borders with relative ease, and since its goingto be USD backed it will be very easy to cash out!
Still A Ways To Go
Stellar Lumens is currently resting at $0.21 which is about 50% below ripples current price and it is likely to slide more as the cryptocurrency market bleeds for 2018. If institutional investors do begin taking stakes in the crypto industry you can be sure that Stellar will be one of the platforms they intend to use. Learning how to use it now may be helpful for you in the future when you mobile banking is powered by Stellar lumens. It will no doubt be a bumpy road but stellar has a solid plan and looks to be gearing up for a bright future. Check out their website to learn more about the platform and its uses.
Posted from my blog with SteemPress : http://profitribes.com/is-stellar-set-to-surpass-ripple/
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