Ripple Co-Founder Highlights Stellar’s Underrated Strengths and Real-World Impact

Ripple's co-founder and the architect behind Stellar, Jed McCaleb, recently shared his thoughts on why he considers Stellar (XLM) to be one of the most underappreciated cryptocurrencies in the market.

He explained that Stellar’s real-world application sets it apart, with the network processing far more daily transactions than many other blockchains, including Ethereum. Stellar’s active use in everyday transactions gives it a practical edge, according to McCaleb, who believes this real-world utility is a major strength.

He went on to praise the network’s straightforward yet powerful design, highlighting key features like its ability to issue stablecoins and tokens and its decentralized exchange. Additionally, McCaleb discussed the platform’s on-chain governance and its smart contract system, Soroban. Designed to be secure and efficient, Soroban aims to address common issues in blockchain development, such as reentrancy vulnerabilities, offering a more reliable environment for smart contract execution.

One of the standout qualities of Stellar, McCaleb pointed out, is its exceptionally low transaction fees, which he described as “essentially free,” making it highly accessible and cost-effective for users. He also emphasized the network’s engineering excellence, stating that Stellar’s infrastructure is among the best in the blockchain space. Stellar’s developer documentation is particularly noteworthy, McCaleb said, as it simplifies the process for developers to build applications on the platform, encouraging innovation and adoption.

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McCaleb concluded by reiterating Stellar’s primary goal: to revolutionize digital payments. He stressed that the true potential of cryptocurrency lies in providing efficient, low-cost financial services, especially for populations that lack access to traditional banking. By enabling faster and cheaper asset transfers, Stellar is paving the way for a more inclusive global financial system.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.