Jed McCaleb States the Difference Between Ripple and Stellar (XLM)
2025-07-18 07:47:04
Main Idea
Jed McCaleb, co-founder of Ripple and Stellar, discusses the differences between the two projects, emphasizing Stellar's decentralized, nonprofit approach compared to Ripple's more centralized model.
Key Points
1. Jed McCaleb highlights Stellar's decentralized governance and structure as key differences from Ripple.
2. McCaleb criticizes Ripple for centralization, comparing it to traditional financial systems like SWIFT or PayPal.
3. He advocates for an open, decentralized blockchain-based payments network to achieve ubiquity and sustainability.
4. The interview raises questions about Ripple's XRP distribution and governance, prompting reflection within the XRP community.
Description
In a recent tweet, crypto enthusiast Stellar Expert addressed the XRP community directly with a series of questions following an interview featuring Jed McCaleb, co-founder of both Ripple and Stellar. In the interview, McCaleb offered detailed insight into the philosophical differences that led him to leave Ripple and create Stellar . Responding to the interviewer’s request to explain the differences between Ripple and Stellar, McCaleb stated that his vision was to build what he called “an inter...
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