Alexa rank of Markethive is growing continously

Alexa @ 9,399 (update with another 3000+ rank improvement)

When we first started tracking our Alexa rank here in Markethive News Feed we were around 80,000. That was a year ago and at that time it was evident we were on the move by looking at our Alexa rank graph. 4 months earlier in May 2018 when Douglas Yates came on board and identified our need to move onto the Blockchain and have our own coin our ranking was at 145,000. Look at us today and we are not slowing down.

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Chinese President Sparks Big Bitcoin Price Gains with Bullish Blockchain Speech Comments Off on Chinese President Sparks Big Bitcoin Price Gains with Bullish Blockchain Speech 1017

Chinese President Sparks Big Bitcoin Price Gains with Bullish Blockchain Speech Comments Off on Chinese President Sparks Big Bitcoin Price Gains with Bullish Blockchain Speech 1017

Chinese President Xi Jingping supports the blockchain and says the Chinese government needs to do more in terms researching and investing in the blockchain, according to South China Morning Post.

Xi is also the general secretary of the Communist Part of China Central Committee and chaired a meeting on the subject with other advisors taking part. Xi believes blockchain “will play an important role in the next round of technological innovation and industrial transformation”. “Major countries are stepping up their efforts to plan the development of blockchain technology. Greater effort should be made to strengthen basic research and boost innovation capacity to help China gain an edge in the theoretical, innovative and industrial aspects of this emerging field.”

What Xi’s Thoughts did to the Bitcoin Price

In just the last five days, the price of Bitcoin is exploding. It now stands at $9,360.67 after starting the trading day on October 24th, 2019 at $7,474. That’s a price gain of over 21%. The price briefly got up over $10,000 throughout the weekend before bouncing down to where it is today.

Is The Government’s Stance on Cryptocurrency Changing?

China banned an initial coin offering for a cryptocurrency exchange in 2017. The country wanted to curb enthusiasm around crypto to protect consumers in theory. China used to be the world’s largest influence on Bitcoin trading volume but that’s since changed because of the regulatory crackdown. However, the country still does maintain a major influence in the cryptocurrency mining space.

So while it’s nice to hear Xi extolled the virtues of the blockchain, the reality is the Chinese government has a history of tightly controlling what its citizens can and can’t do when it comes to money, politics and social issues. That in fact is part of the reason that China had such a stranglehold on Bitcoin trading volume is that Chinese people have the desire to keep their savings out of the hands of the government. Most Bitcoin and blockchain enthusiasts know that a big portion of the transactions that go through the world’s most valuable blockchain are the result of people trying to escape oppressive regimes.

Hyperinflation in Venezuela

The International Monetary Fund estimates that the inflation rate of the Venezuelan Bolivar will reach a staggering one million percent by the end of 2019. While Bitcoin’s price worldwide is usually listed on charts in comparison to the American dollar, that doesn’t mean that everyone gets access to Bitcoin at the same standard price. It’s estimated that the price of Bitcoin in Venezuela is doubling every single day.

That sounds huge and it is, but when the price of the local fiat currency is exploding by a million percent per year, it makes sense to put that money into Bitcoin as quickly as possible. Scarcity = value, and if people converting the Bolivar are lining up at Venezuelan exchanges all at the same time, it only makes sense that the price will continue to skyrocket. When a handful of countries experience the same thing, the overall volume being traded and acquired on the international market goes up.

Greece’s Government Debt Crisis

Known as The Crisis, Greece’s problems ironically stem from the same 2008 Global Economic Crisis that sparked the invention of Bitcoin and the blockchain network. The Crisis led to citizens quickly becoming impoverished. Overall, the situation in Greece surpassed the U.S. Great Depression as the longest recession on record. During this time, bond yield spreads have grown further and further apart and the government’s debt reached nearly 300 billion Euros, causing risk insurance and credit default swaps to rise in price, creating a whole system of growing debt. Of course this led to more and more people searching for alternative ways to store value. This meant Greeks began putting money into traditional and digital gold, or Bitcoin.

One Other Potential Reason for Bitcoin’s Recent Surge

Bakkt is a Bitcoin futures exchange most serious traders were really excited about earlier this year and even going back to 2018. As soon as it launched, enthusiasts expected Bitcoin to go all the way to the moon. It’s just happening now, a little bit later than anybody thought it would. Just in the last 24 hours, trading futures contracts on Bakkt has gone up 260%. This is all in anticipation of future events related to innovation in China. What comes from Xi’s comments in the long term remains to be seen, but for now it seems the market is already pricing in potential.

Article Produced By
Jack Choros

Heiko Closhen, Entrepreneur

Craig Wright Backs out of 500000 BTC Lawsuit Settlement 0 279

Craig Wright Backs out of 500,000 BTC Lawsuit Settlement 0 279

Craig Wright, the infamous programmer claiming he’s the inventor of Bitcoin, is backing out of a 500,000 BTC settlement with the Kleiman estate. He says he can’t afford to finance the payout.

The Case Is Back On

Wright lost his case against Kleiman in August. Courts deemed he couldn’t prove he’s solely responsible for half a million Bitcoins he mined with Kleiman prior to 2014. That means the case that ended less than 90 days ago is now being re-opened. Wright battled with Ira Kleiman’s estate through his living relative David Kleiman. At the time of the court’s decision, the 500,000 BTCs were worth over $5 billion.

A motion filed on November 1st in a Florida courtroom states that both parties have reached a non-binding agreement in principle following several conference calls and in-person meetings. The plaintiffs were claiming they were no longer pursuing active litigation, but they found their efforts to be a waste of time. The law firm representing the plaintiff’s case wrote in a motion that on October 30th, 2019, they were informed Mr. Wright could no longer afford to finance the settlement and that he was “breaking” the non-binding settlement agreement.

So What’s Next?

Lawyers representing the Kleiman estate are now preparing for a new court date on March 30th of next year.

Wright is Now Fighting Back against an Old Deposition

Roche Freedman is now working to obtain a deposition of James Wilson, a chief financial officer of Craig Wright’s companies in Australia. He worked for Wright between 2012 and 2013. The plaintiffs think the comments Wilson made during that deposition are going to be crucial to the case. He was the one looking over Wright’s companies when they were sold to the Kleiman estate in exchange for Bitcoin. Wilson will be visiting Washington on November 8th to be deposed once again.

In lieu of that upcoming date, Wright’s lawyers are suggesting they will not consent to a deposition because they haven’t received 14 days’ notice for an out of state deposition as required by the law. The court documents also show the team will decide whether or not they’re willing to go through with a video deposition within the next week. This is all quite a bit of red tape to go around for Kleiman’s estate and Wright’s conduct has certainly put a strain on things.

Forgery Complaints

Emails, invoices and BitMessages were analyzed over the summer time and investigator Matthew Edman uncovered the fact there’s a good chance Craig Wright tampered with documents relating to the Tulip Trust, an account where funds were being held. This has created an atmosphere of doubt around Wright’s integrity, although a cross examination from opposing lawyers gave them a chance to refute claims. The story around Wright and the $10 billion-plus within the Kleiman estate just keeps getting more and more interesting. And it seems, it’s not exactly over yet.

Article Produced By
Jack Choros

Heiko Closhen, Entrepreneur

National Chinese BSN Blockchain Network to Become Commercially Available in April

National Chinese BSN Blockchain Network to Become Commercially Available in April


Following the speech of Xi Jinping on the importance of embracing blockchain technology,

China went on a spree of development to establish a nation-wide blockchain network. Now, following a report published on January 3rd, we have more information about the future of the BSN network. These latest updates are more of a recap of what has happened, and a showcase of what’s to come. Information released during the China Urban Governance and Innovation Forum suggests that the open beta of the project is open for 400 companies and 600 developers, with the city of Hangzhou being the first one to pilot the blockchain network and applications, according to Tang Sisi, deputy director of the Smart City Development Research Center of the National Information Center.

In addition, the information further cements the 6 month beta period which ends in April. During this beta period the network, hosting, and all infrastructure will be free for companies and developers. The expected annual costs for hosting a dapp on this network will be $260-$390 USD after the beta period ends. As noted before, the BSN network will only support permission-based blockchains divided into enterprise and private chains. For now, there are no indications that the network will support any public chains, due to the lack of control mechanisms capable of monitoring and moderating the activity on the network.

All in all, the promises that the BSN network makes for the Chinese economy are outstanding. If correct, this can lower the cost of LAN-style network connections between partners by 97%, provide a platform for blockchain developers to share and sell tools, and open up blockchain technology for the small and medium enterprises. These latest updates conclude that the testing results from the blockchain implementation record slow speeds, and point to the fact that we are at a moment in time of proper standardization of blockchain applications, particularly as it relates to the ambitions of the Chinese government. If they are successful, the Chinese will be the first nation in the world to have a blockchain network capable of managing all of the administrative workload, increasing productivity, and reducing the amount of effort necessary to enforce and maintain compliance with local laws. It’s safe to predict that the Chinese Social Credit System will also become a blockchain app, especially if these initial tests show promise. It’s unavoidable that the Chinese government will seek to use blockchain technology to further increase the amount of control they possess over their citizens.

Article Produced By
Zoran Spirkovski

Copywriter, Journalist, Blockchain Enthusiast. Writing with since 2016. Loves to travel and experience different cultures. Highly ambitious and with an ever-increasing attraction towards quality work, products, services, and experiences. You can find him on Telegram where he has been known to spend his time making friends, and doing business.

Heiko Closhen, Entrepreneur

1xBit Brings Fun to Cryptocurrencies while Increasing Adoption

1xBit Brings Fun to Cryptocurrencies while Increasing Adoption



In 1994, Today Show hosts Bryant Gumbel and Katie Couric famously had a lot of trouble understanding this new ‘internet’ thing.

At that time, the internet was as obscure and incredible as cryptocurrencies are for most people right now. In those early days of the internet, many people didn’t really think it would last or have much of an impact, just like many are saying now about cryptocurrencies. But it was also in 1994 that the first online casino opened, enticing millions of users to log in and giving the internet its first real bump of broad appeal.

And just like in 1994, cryptocurrencies now are getting a lot of interest from gambling sites building on the power of cryptocurrencies borderless, decentralized money built for the internet. One such site, 1xBit, is right now aggressively positioning itself to become the premier online betting site based exclusively on cryptocurrencies. 1xBit was established in 2016 and since then has become one of the largest and most recognizable gambling sites. Since their inception, the 1xBit team has been pouring their resources and creativity into the most modern, varied and exciting betting experience for their customers. And of course, their bets are provably fair.

Key features include:

  • Betting on the latest sports matches, pre-match and live, for both casual and advanced players
  • More than 50 types of sports to bet on, including exotic sports like Gaelic football, greyhound racing, eSports, etc.
  • Slot games from more than 100 different providers, suitable for anyone’s taste
  • Live dealers for all manner of casino games, including roulette, blackjack, baccarat, etc.
  • More than 90 different casual games created by the 1xBit team
  • And of course, 1xBit is a big supporter of cryptocurrencies. Users of their platform can deposit Bitcoin, Ether, Dash, Litecoin, ZCash, Tron, Verge, and more as well as the stable coins Tether, USD Coin, True USD, and Paxos ST. There are no fees for deposits or withdrawals. In total, there are almost 30 cryptocurrencies supported.
  • Utilizing the power of the blockchain, the games are provably fair.
  • The platform is truly international as 62 languages are supported.

1xBit also reaffirms their commitment to becoming the premiere crypto-betting site by offering many ongoing promotions and bonuses. They are currently offering a Welcome Package of up to 7 bitcoins, a massive bonus compared to what other casinos are able to offer. New users can get 100% welcome bonus of up to 1 BTC for their first deposit. They can then get continuing bonuses for subsequent deposits:

  • 50% bonus up to 1 BTC on the second deposit
  • 100% bonus up to 2 BTC on the third deposit
  • 50% bonus up to 3 BTC on the fourth deposit

Normally, bonuses like this are only offered to new customers, but uniquely 1xBit makes this bonus available to both current and new users!

Article Produced By
Bitcoin Warrior

Heiko Closhen, Entrepreneur

Become e-Resident and start the company in Estonia

Become e-Resident and start the company in Estonia



Did you hear about e-Residency program in Estonia? Let us introduce you to the tailor made solutions for digital nomads. Use our service and pay for our services in BTC with discount.


Eesti Consulting offers several different services including: company formation in Estonia with the prestige legal address in the heart of Tallinn, contact person service, assistance in the bank account opening, assistance concerning the obtaining of the e-Residency card, assistance concerning obtaining the cryptocurrency services for the client.

We offer a 5% discount if you are paying in cryptocurrency way. If you have a business that offers a Bitcoin discount and would like to be featured on Bitcoin Warrior, please click on the Submit a Bitcoin Business link at the top of the page.

Article Produced By

Heiko Closhen, Entrepreneur

Digital Asset as the Next Stage of Development of Financial Technologies

Digital Asset as the Next Stage of Development of Financial Technologies

The concept of assets was formed a long time ago.

The notion “digital asset” gained popularity relatively recently. This was the product of the development of the financial industry in general and the growing significance of digital technologies. The Blockchain technology’s emergence in particular, has contributed to that situation. An increasing number of innovative competing business entities using these solutions indicated the development of an original information economy based on the Blockchain technology. Then, the growth of the digital economy and methods has revealed the need for a new notion of the “digital asset”.

Blockchain’s Role in Creating Digital Assets

The Blockchain technology’s development opens a door for the creation of the first assets. Indeed, the first full-fledged digital currency was bitcoin, which appeared in 2009. The Blockchain technology was created in the same time period. This has significantly improved the transaction security. Therefore, this technology has begun to be effectively applied in many areas. The improvement of security has promoted confidence in this segment and, consequently, its rapid development.

The concept of “Blockchain” refers to a distributed ledger consisting of transaction blocks connected like a chain. In doing so, the content of the next block includes the data about the previous one. The Blockchain technology makes the digitization and subsequent secure information passage possible. This technology has the following key benefits:

· invariability,
· security,
· transparency.

Legal Regulation of Digital Assets

For starters, let’s introduce the concept of a digital asset. So far, there is no clear definition of the term, but experts have concluded that it is an information resource derivative of the right to a value, which circulates in a distributed ledger, where it takes the form of a unique identifier. According to experts of the Simcord company, the asset alone cannot be considered a right to a value. However, it has all the properties derivative of this right. One may wonder about the concept of “derivative of the right”. Using the “divide and conquer” principle, we get the following conclusions:

· “derivative” means “originated from another object”;
· “right” means a degree of possible behavior prescribed by the state.

Thus, a subjective interpretation of the concept “right” should be applied when defining the digital asset, which specifies the type and degree of the possible behavior of persons, which are regulated by legal standards. It is worth noting that the legal regulation model, which is embedded in the controlled ecosystem for digital assets, meets all applicable international standards. Consequently, it does not require the adoption of other laws and regulations.

Actual Technologies Based on Digital Assets

Next, we’ll look at the Bitbon system as an example of using such values as information resources through the asset digitization procedure. The Bitbon information system operates on the basis of the Blockchain technology and has an integrated decentralized structure. It gives users the full ownership of assets. This means that they can: Confirm proprietary right to assets receiving unique digital copies of assets. This ability is provided through asset digitization. Exchange assets with other users without intermediary services or using money. The main system component is Bitbon, which is also used as an exchange value unit of any digital asset. The valuables of the Bitbon system are used as information assets through digitization and the concept of “right to the right”.

The regulatory aspect of the system is founded on three principles:

1. The system of statutory regulation of assets.

2. A clear explanation of legal relations between system users. The Bitbon asset is a token and gives users access to the system. Accordingly, it provides access to all the system capabilities and resources. This asset has the exchange value of any system asset. It creates mutually beneficial relations between users.

3. The notion of “right to the right”. It is about the right to an information asset. At that, the value is in the possession of the owner, and the user has the right to the value. Consequently, the exchange of assets between system users is provided by the right to the value. This is made possible through the asset digitization procedure and the concept of “right to the right”.

Therefore, the Bitbon system is considered appropriate for use in almost all aspects of modern life: economic, insurance, legal, financial, business, trading, etc. Consequently, digital technologies are the future of humanity. Their development is impossible without the usage of assets. That’s why it’s important to consider the general idea of the concept “digital asset” and regulate its essence at the legislative level.

Article Produced By

Owner, Editor, and lead writer for Cryptorials. Cryptocurrency writer and trader since 2014.

Heiko Closhen, Entrepreneur

How will the new Ethereum economic model influence Ether’s price next year?

While Ethereum is often considered to be one of the most promising crypto currencies in the market,

there are still some technical issues to deal with. In order to improve the crypto-currency’s adoption rate, issues such as scalability, ease of use, speed and fungibility are still to be addressed. For analysts such as Jeff Reed, the Ethereum network will almost certainly become more important than Bitcoin’s in the future, as the Ethereum ecosystem is better equipped to overcome the challenges mentioned.

The migration from Ethereum 1.0 to Ethereum 2.0 could greatly improve the network and boost Ether’s price next year

The creation of new blocks is at the core of every blockchain network. Rewarding miners, or “stakers” to validate transactions and create new blocks is the way a network can create new coins. These rewards are incentives to help people stay motivated in securing the network and avoiding any network attacks. On the current Ethereum network, new Ether coins received by miners who create a new block follow a Proof-of-work (PoW) protocol. To be involved in the mining process, members put their computational power to work in solving complex mathematical problems. These rewards help them finance their operational costs and turn them a profit (depending on the price of Ether).

Next year, the Ethereum network will likely rely on a Proof-of-stake (PoS) protocol. This means that to be able to validate block transactions, a member will have to first own coins in order to stack them. The more Ether coins a given member has, the more staking power he will have. Regarding potential attacks, this consensus algorithm is considered to be less risky than the Proof-of-Work protocol. Ethereum 2.0 has mainly been designed to improve the scalability of the Ethereum network. Going from a proof-of-work to a proof-of-stake model to validate transactions and issue new blocks should improve the network’s scalability and security, while bringing down costs and improve transaction speed.

After being postponed several times, the date of the next hard fork of the Ethereum network (called Istanbul) is finally confirmed and scheduled for December 4

This implies that all the technical upgrades and improvements of Ethereum 2.0 should be introduced next year. Many analysts and investors expect this event to have an impact of Ethereum’s adoption, which should be seen in Ether’s price. There is a hope that Ethereum will trigger a 2020 altcoin boom, propelling Ether’s price to new highs. There are many possible ways of making money with Ethereum crypto. It all depends on your knowledge of the crypto world and how much time you have to dedicate to it. Among the most rewarding and exciting ways you can get involved are 1) trading Ether through CFDs, 2) buying Ether through an exchange to store them on a wallet, as well as 3) mining (soon staking) Ethereum.

The launch of a public main network for this updated version of the Ethereum’s ecosystem must follow a multi-stage process

‘The way that Eth 2.0 will be rolled out is that it starts off being separated Eth 2.0 chain. Then there’s a link between the two chains and then eventually the kind of existing Ethereum chain gets kind of fully merged into the Eth 2.0 chain’ explained Ethereum’s founder – Vitalik Buterin to Angie Lau from Forkast News. ‘But it’s definitely this multi-stage process. And the reason we did this is to be safer and more conservative. Like you don’t want to move the entire existing ecosystem onto the fancy new thing before you’ve proved the fancy new thing can work. And the fancy new thing here includes proof of stake. So it’s not just a technology change, it’s also an economics change’, he added.

Article Produced By

Heiko Closhen, Entrepreneur

Ripple Vs Stellar: Which Is the Better Cryptocurrency?

In the latest cryptocurrency news, we have witnessed exciting products in the industry.

Notably, some projects are unique while others tend to look similar. For crypto lovers, it is not hard to notice that projects like Ethereum and NEO have some striking similarities. Despite the industry witnessing an increase in the number of projects, Ripple and Stellar appear to stand out from the pack.  These two projects are gaining interest and are appealing to future-minded individuals. Both Ripple and Stellar have some similarities in identity and technologies. And the thing about these is that both cryptocurrencies had awesome cryptocurrency news in the past. Both of them want to solve the issue of a crossborder payment system. However, the two projects tend to differ in terms of philosophies and the general purpose within the cryptosphere. Here is a breakdown of the similarities and differences between the two projects. In this ripple vs stellar comparison, we will try and compare both and see which one has a better consensus mechanism for international transfers. Our comprehensive guide is the ultimate comparison between ripple and stellar and will help you understand which digital asset is used where and what’s so special about it. 

Understanding Ripple (XRP)

Brad Garlinghouse is the CEO of Ripple protocol. The blockchain technology created by ripple is used by banks on operations such as transferring money worldwide. Basically, it is a crossborder payment solution with a close to 0 fee that doesn’t involve so many third partys and that allows banks to send money from a place to another in seconds. Ripple emerged first in 2012. The project is a product of Chris Larsen and Jed McCaleb alongside Brad Garlinghouse. Developers of Ripple intended to make the system support a crossborder payment instantly for free, almost.  Its started as a payment protocol, to ease the transfer of money between borders. Traditionally, international money transfer is outdated, slow and costly. Ripple wants to change this model.

They are trying to change this by using xRapid – which already have a lot of banks that are using it – and probably soon Binance will use it too. To have a better understanding about xRapid, you may check the xRapid explained article. Same for xCurrent or xVia. Ripple digital asset grow in 2017 to as much as $3 and had a market capitalization of $130 billion at its all time high price. It wasn’t the largest cryptocurrency at the time and its not now, but its however widely used as a payments solution for transferring money using blockchain technology.  Ripples XRP is the cryptocurrency that the ripple protocol uses. The Ripple protocol was build to send money abroad and have Ripples XRP as the cryptocurrency for it. However, banks can use it to send money from one to another one in just a few seconds and for a fee of less than 1/10th of a cent. Ripple labs are working hard to establish more partnerships and have more banks join their network. If we take a closer look at the XRP price analysis , we can see that XRP decreased to $0.20 lately – after it had a value of $0.46 in 2019. Ripple XRP price decreased a lot mostly due to Bitcoin fluctuations and cryptocurrency trading.

Understanding Stellar (XLM)

Stellar emerged a few years later after Ripple with Jed McCaleb being one of the project co-founders. Jed McCaleb worked with Brad Garlinghouse at Ripple Labs also. Stellar also deploys the use of blockchain to process payments. It is important to note that the code bases for Ripple and Stellar are all similar. Stellar’s entire project goal strikes some similarities to Ripple. It seeks to enable the ability of an instant international payment . Stellar Network add its transactions to a shared, distributed ledger that its available for anyone to check. The Stellars XLM is powered by the Stellar Development Foundation – who are working on improving the Stellar consensus protocol. Stellar wants to solve the international transfers issue by created a crossborder payment system focused on people, not banks – unlike Ripple’s XRP. The Stellar Lumens XLM is the cryptocurrency that its used on the stellar lumens blockchain. 

Stellar stands out a bit because its primary focus is on individuals unlike Ripple’s target for institutions like banks. Stellar network is a bit more flexible than current payment options – such as PayPal. The fee of using Stellar’s service is low too – a merely 0.00001 XLM per transaction.
The developers came up with Stellar Lumens or XLM as the native cryptocurrency. Stellar also had the biggest cryptocurrency airdrop to date – with $125 Million USD distributed among the people that verified their identity on Stellar’s price analysis doesn’t look too good either, as Stellars XLM lost over half of its value in 2019. However, the stellar network is still one of the most used ones and stellar lumens XLM  is still in top 15 based on its market capitalization. The price forecasts for Stellars XLM are not so favorable lately, but with the right catalyst – Stellar lumens can be one of the solutions for a perfect crossborder payment solution.

XRP vs XLM –  Similarities Between Ripple and Stellar

When it comes to Stellar vs Ripple, we have had some fundamental similarities to point out. It is not a surprise that they strike some similarities considering that their code base is the same. Additionally, the two projects were co-founded by Jed McCaleb. It is important to note that Ripple and Stellar do not depend on miners. Lack of miners means that both projects stand out compared to other PoW cryptocurrencies. Furthermore, the blockchain used by Ripple and Stellar claims to be decentralized. The truth is, the cryptocurrency enthusiasts have solid points when they claim that both of them are more centralized than decetralized. However, both don’t permit running of nodes by the public. Developers of the project kept the nodes private and operate their nodes on many servers. When it comes to authentication of payments, the two projects use a distributed ledger technology. They have a reputation for instant payments at a lower cost.

Ripple and Stellar have prioritized keeping the value of the coins low. Maintaining the value will enable both projects to have affordable services with the aim of supporting cheap cross border payments. Both XRP or XLM are listed on more than 10 top  crypto exchange. The cryptocurrencies are used for cryptocurrency trading as well as their main purpose – creating a reliable crossborder payment system based on a distributed ledger technology.  XRP or XLM can be stored on hardware wallets, such as Ledger nano or a Trezor. So if you’re looking to hodl any of these two, its really easy if you own a Trezor or Ledger Nano.

XRP Token vs Stellar XLM – Key Differences between Stellar Lumens and Ripple

At a glance, Ripple and Stellar vary from each other based on their philosophies. Ripple labs focused on making the project the solution to instantly and cheaply conduct a  crossborder payment one bank to another. The XRP distributed ledger technology is not public, as they work mostly with banks. The system has the XRP token as the fuel for these transfers. On the other hand, Stellar focus on individuals. The project targets people in developing countries who lack access to financial services. According to Stellar’s developer Jed McCaleb, he was motivated by his passion for helping people. A key difference between Ripple and Stellar is the fact that the Stellar code is open-source and can be found on Github.

Unlike Ripple, which is built mostly for banks.  The two projects also differ on nodes consensus. A conses model is a system that is used to validate payments without the use of any intermediaries. For Stellar, it deployed a protocol dubbed Stellar Consensus Protocol. On the other hand, Ripple implements the Proof of Corrections protocol to validate payments.  All these protocols are different from the popular PoW and PoS models popular among other crypto projects.

XRP or XLM – Which is the best project?

Before determining the better holding in the Stellar vs Ripple debate, we have some factors to consider. After Bitcoin and Ethereum, Ripples XRP is the third most valuable token based on its market capitalization.  Because Ripple joined the market two years after Stellar, the latter has managed to ink key partnerships with more than 100 banks. Such collaborations plays a crucial role in enhancing the trust in Ripple while at the same time improving the project’s market liquidity. Generally, Ripple stands out due to its notable success. The platform has proven a point while attempting g to revolutionize the cross border payments system.

Stellar looks like an underdog when compared to Ripple due to its plan to enable affordable financial services across the globe. It is evident that Stellar still lags behind Ripple in terms of success, but it has managed to maintain its position in the market. The Stellars XLM is ranked 11th, but its among the cryptocurrencies with a good use case and usage around the globe. We also have a possibility that Stellar will attract more customers in the coming days as it sets base in developing countries. This model makes it easier for people to transact globally using XRP. So, XRP or XLM? Who would win in the XRP vs Stellar battle?

If we look at the market capitalization, the XRP token is way far ahead. However, its latest technical analysis and price prediction doesn’t show any sign of recovery too soon. But the project is still solid and has a valid use case for the future. Stellar and Ripple have their similarities and differences. Both want to solve the money transfer issue – but each for a separate client. Stellar’s focusing more on individuals while Ripple was created for banks. Now, its all about understanding ripple and understanding stellar to know which one to pick – XRP or XLM.  Both of them can be easily swapped to fiat currency so the liquidity is not really a problem for neither. 

XRP vs XLM Conclusion

It is important to note that both Ripple and Stellar are on course to be among top global projects. Despite being a product of one individual, Ripple and Stellar have different ideologies with a concentration on a diverse customer base. For the Ripple vs Stellar debate, it is only noble to note that each project comes with its strength and weaknesses. Before settling on any token, conduct research and decide on a project that will give you value for your money. We believe that both project have a crucial role in the cryptocurrency field development and both would probably succeed. Which one will have a higher price in the future? That will depends on the business decisions each company will take, adoption and the user base of the companies. If you think about buying XLM or XRP – keep in mind that there’s a big risk as the market is extremely volatile these days.

Article Produced By
Amisi Paul

Heiko Closhen, Entrepreneur