1 Level
5 Review
0 Karma
Review on Stellar by Kristian Egger
Stellar's goal is to connect financial institutions and help reduce costs and…
Stellar's goal is to connect financial institutions and help reduce costs and time for cross-border transfers. Both Ripple and Stellar share the same software protocol, but differ only in their development goals. Stellar is a great opportunity for those who want to diversify their basket of investments
Pros
- Perhaps most importantly, IBM is already using Stellar Lumens technology for processing cross-border transactions. Because IBM is an international market-leader, the future looks bright in terms of future partnerships.
Cons
- the Ripple team is simply bigger, and spread over multiple locations. The Stellar team is relatively smaller, and while this does not necessarily have serious implications, it does mean the Ripple team can perhaps work faster. In the cryptocurrency world where first-movers hold significant advantages, it is advisable to the Stellar team to increase the size of its team and operations. This will make the likelihood of success and industry dominance arguably larger
