The long-simmering feud between the proponents of Stellar (XLM) and the Ripple-linked XRP cryptocurrency dramatically escalated through the weekend.
This got here after Construct on Stellar (@BuildOnStellar) took a not-so-veiled dig at Ripple in a current social media publish.
The publish, in fact, refers to Ripple's long-lasting authorized battle with the U.S. Securities and Alternate Fee.
The XRP neighborhood was immediately up in arms over the slightly caustic social media publish. A few of its members have known as for promoting all XLM tokens. Different commentators have accused Stellar of being an XRPL copycat.
"Think about forking the XRP Ledger and calling it progress," XRPL validator Vet quipped.
XRP and XLM are sometimes positioned in the identical metaphorical "basket" resulting from the truth that Jed McCaleb, the creator of Stellar, additionally helped to co-found Ripple. On high of that, McCaleb beforehand served because the chief expertise officer at Ripple.
As a result of this truth, the 2 cryptocurrencies are likely to commerce in tandem with an eerily excessive correlation.
Nevertheless, it’s price noting that there are additionally key variations between Stellar and XRP by way of their design, token distribution and consensus mechanism.
Final November, McCaleb penned a prolonged publish to defend Stellar, describing it as "essentially the most underrated" cryptocurrency venture, pointing to the truth that it was performing 10x instances extra transactions than Ethereum. "Many actual persons are already utilizing it for precise real-world transactions," he mentioned. He additionally added that the blockchain boasts "world-class" engineering.
