The Main Difference Between The Stellar And Ripple Protocols – Explained

Are you wondering about the main difference between Stellar and Ripple – more precisely, their protocols?

If you are new to this, we are reviewing it in detail.

Stellar is created as a fork of Ripple in 2014. There are some elements of the original Ripple code that are now part of Stellar, but, codes weren’t copied literally although there are some great similarities. Both of them use a distributed ledger technology so they can track accounts and offer currency support.
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Stellar’s protocol is called Stellar Consensus Protocol which of course as it says in the name, it uses a consensus mechanism. This mechanism is able to solve problems by reaching consensus in the network itself. Stellar is made to target individuals and it is focused very much on improving and developing their technology rather than achieve great name and become extremely popular with all of the financial institutions. This is the biggest difference they have with Ripple.

Ripple is trying to reach into every financial industry and they have made a very promising technology to do so, so far. They also use a different mechanism compared to Stellar, which it is, however, a consensus mechanism but it uses probabilistic voting. This model also reminds very much of Bitcoin because of the need for majority validation.

We hope this post helped you understand the main differences in the Stellar and Ripple protocols. For more information, tune in to our daily news!