Jed McCaleb Clarifies: Why Stellar is Not Ripple

The founder of the Stellar Development Foundation recently clarified a recurring confusion in the industry. According to Jed McCaleb, Stellar and Ripple are two fundamentally different projects, despite often being grouped together by investors.

Technical Differences According to Jed McCaleb

“They do not share code, have different consensus mechanisms, separate features, and Stellar has smart contracts,” clarified the former CTO of Ripple. This distinction has become more relevant following recent developments around the WYST (Wyoming Stable Token) project supported by the state of Wyoming.

Stellar has indeed been included in the list of blockchains eligible for the initial distribution of the WYST stablecoin, a recognition that did not go unnoticed in the crypto scene. Jed McCaleb emphasized that “according to evaluation criteria, Stellar can realize functionalities that other networks cannot guarantee.”

XLM Performance: An Undervalued Token?

The Stellar (XLM) token has seen a significant rise in recent weeks, reaching highs not touched in years. However, McCaleb argues that the network is still “the most undervalued and least understood crypto project in the industry.”

Numbers support this thesis: Stellar already processes more transactions daily than the vast majority of other blockchains. Specifically, it handles 10 times the daily transaction volume compared to Ethereum, with millions of real users utilizing it for concrete purposes worldwide.

Despite these data, XLM maintains a very close correlation with XRP, the token associated with Ripple, probably because investors still perceive them as related projects. Jed McCaleb wants to clarify that this perception does not match the technical and operational reality of the two ecosystems.