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For Cryptocurrency Players, Look Here If Ethereum Or Stellar Is Worth You Choose To Invest

Written By Hanny & Melissa on Monday, April 08, 2019 | Monday, April 08, 2019

Because of the businesses owned by Stellar and Ethereum, they finally managed to achieve extraordinary success. 

Previously Ethereum was the brainchild of Vitalik Buterin, he started it in 2014 when he was only 19 years old and got a big surprise when Coinbase registered it in 2016. While Jed McCaleb, co-founder of Stellar, has set up several more companies before settling on Stellar.

Jed started by creating the famous Mt GOX exchange, however, became famous after he sold it and the new owner changed the coding.

That's when hacking and millions were stolen. He later founded Ripple with the help of David Schwartz, Arthur Britto, and Chris Larsen.

This will not take place when he leaves the company after a dispute with Chris Larsen. After this he founded Stellar in 2014, basically starting again at the same time as Vitalik.

So, in terms of experience, Jed has a lot. As for Ethereum, have found a business model that works for them and they have stuck with it.

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Why is Stellar Running Circles Around Ethereum ...?

Ethereum is specifically designed to make smart contracts and remains the most popular platform for this.

However, Stellar has proven to be better in this regard. For starters, a team from the National University of Singapore found that Ethereum was more vulnerable to attacks and their smart contracts were easily manipulated. According to experts, this is because the contract is flexible and this makes them vulnerable.

Stellar has taken advantage of this opportunity and developed a smart contract for Stellar. Although this smart contract is less flexible, this contract is safer and more reliable than Ethereum. Stellar has also gone a step further to ensure security by ensuring that it uses authentication limits and encryption.

Stellar has focused on micro-payments that have driven more projects towards them. What's the best of Stellar is doing micro payments, this makes it a better choice for thousands of startups.

Unlike Ethereum which offers complete programming flexibility, Stellar lets you only have the features you want.

Stellar is very friendly. Transaction fees on Stellar are a fraction of what is on Ethereum, around 0.01%. One might think this means the network is slow, but actually Ethereum has a scalability problem.

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Stellar transactions will take a few seconds while Ethereum will take minutes. Ethereum that uses proof-of-work says it works on proof-of-stake, this will make the network faster and make blockchain energy efficient.

While Vitalik's team worked on that, Jed's team solved the problem using a new concept, the Byzantine Consensus. It's fast, reliable and energy efficient.

One of the factors that really distinguishes Stellar and Ethereum is KYC / AML compliance. Startups that prefer using KYC / AML blockchain must use Stellar.

Tokens built on the Stellar blockchain will only be traded between KYC / AML-approved addresses. Blockchain also follows predetermined financial regulations, accounts that are proven to be possessed by frozen terrorists. Ethereum ETH does not have this limitation.

Stellar has built a distributed exchange from which tokens issued by Stellar can be listed. This means that after doing the ICO at Stellar, startups don't need to look for an exchange to register their token. This also means that tokens can be traded from the first day.

Stellar (XLM) really does a solid job and although not widely adopted as Ethereum ETH at this time, in the long run, this will be more popular than Ethereum.

Currently, Ethereum has found a business model that works for it. This makes it a better investment choice for the short term, but Stellar XLM is definitely the best investment option for long positions.

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