Stellar is an open-source distributed payment network, capable of connecting banks, payment systems with users, aimed at facilitating the trading of currencies and assets such as BTC. Stellar is also a blockchain platform that allows developers to build applications, products or tokenize assets on their platform.
Essentially, Stellar was a fork from Ripple in 2014 because Stellar was still based on the Ripple Consensus Protocol. So what is the difference between Stellar and Ripple?
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Consensus Mechanism: Stellar created its own consensus protocol, using the Federated Byzantine Agreement (FBA) consensus algorithm. Ripple reaches consensus via Ripple Protocol Consensus Algorithm (RPCA).
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Targeted user: Ripple focuses on banking and financial institutions. Stellar focuses on the remittance, micropayment market for individuals and businesses.
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Organization structure: Ripple is a for-profit structured organization. Stellar is a non-profit organization.
With these, I believe Stellar will have benefits when one of these buttons is turned on: mass adoption or crypto law acceptability. Show Less
