Stellar Vs Ripple

Stellar is a platform that connects banks, payment systems, and people reliably at no cost. Using Stellar, users can send currencies on the network to and from anywhere worldwide.

The stellar network has two major components

1. Horizon API

2 Stellar core

Horizon API:

All interactions with the Stellar network can be done only through Horizon, a RESTful HTTP API server.

Stellar Core:

The Stellar Core is the backbone of the Stellar network, every Horizon server connects. It does the work of validating and reaching a consensus on a transaction.

Stellar Consensus Protocol (SCP): SCP is the evolution of FBA. The Federated Byzantine Agreement is a traditional process of reaching a consensus. It is a model for consensus using nodes, quorum slices, and quorum.

Quorum: the set of nodes required to reach agreement across the whole system

Quorum Slice: the subset of a quorum that can convince one particular node of agreement.

Ripple Vs Stellar

Both Ripple and Stellar are considered payment coins. The major difference is that Ripple focuses on financial institutions and banks while Stellar concentrates on individuals.

XLMUSD prices jumped more than 15% from the previous week's low of $0.11850. It hit a high of $0.1358 when writing and is currently trading around $0.13370. The pair is holding above the short-term (21 and 55-day EMA) and above the long-term moving average (200-day EMA).

The near-term resistance is around $0.150, any indicative breach above will take the pair to $0.20/$0.250. On the lower side, immediate support is $0.100, and any violation below targets $0.0750/$0.0600.

Indicators ( Daily chart)

CCI(50)- Bullish

Directional movement index -neutral

It is good to buy on dips around $0.100 with SL around $0.075 for TP of $0.25.

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