XRP vs. Stellar lumen – Jed McCaleb vs. Cory Johnson
Home News XRP vs. Stellar lumen – Jed McCaleb vs. Cory Johnson
Marcel Knobloch –
The konkurri the end of the relationship between the Ripple, the XRP Ledger and Stellar lumen has a long history. The most recent development in the relationship between the two companies comes from Cory Johnson, Chief Market Strategist at Ripple, expressed his opinion to Stellar.
The founding of Stellar in 2014 by ripple co-founder Jed McCaleb marked a milestone in the crypto world. The Stellar lumen project was designed in a way that it enables quick, cost-effective and reliable, cross-border payments. The project aims for both financial institutions as well as the people around the world to create a unified payment system. Ripple was designed with a very similar goal, only with the discrepancy that Ripple is focused on the Mainstream financial world. Obviously, therefore, was bound to be a great competition.
In the recent time, there were rumors that McCaleb brings his acquired XRP tokens on the market to drive the price of XRP down. This led to the question of whether McCaleb handle within the Ripple with the conditions laid down as a series of lawsuits against him. As the CTO of Ripple, David Schwartz, has made it clear:
Jed had a long series of bad ideas, which did not want to implement the Board of Directors of Ripple. So Jed started Stellar based on these ideas….[he] tried to give his XRP to quickly get rid of, and Ripple was to put him through a series of lawsuits to stop.
When he decided to leave the Ripple, a comparison between McCaleb and Ripple, in which he had to sell all of the shares of the held company. In turn, McCaleb’s XRP slowly to the market, instead of bringing you at once to the market.
McCaleb went on recently, to vaccinate Ripple dam, with an example in an Interview with CNBC, in what he said:
It is very difficult to operate Nodes outside of Ripple Labs. The Team operates the majority of the Nodes, which should be for the people of concern.
Cory Johnson spoke for the XLM and McCaleb and stated that Stellar has no wide developer base:
I don’t really have an opinion on it. I mean, you know, obviously, he is a super smart guy, but a really large company, the digital Assets uses – this is a real challenge. There are many companies that develop on XRP. I don’t know many, the Lumens develop, except for Stellar.