David Schwartz, the chief technical officer (CTO) at Ripple, has recently done the unusual by sending a message to the Stellar Lumens camp to show that the digital token XRP is bigger than XLM.
Schwartz, who helped in founding the XRP ledger, reacted to a post on Twitter where the image of a Connecticut’s “XRP • XLM” license plate was captioned. What called Ripple CTO’s attention was the dot that separated XRP and XLM on the license plate.
Read Also: Ripple CTO David Schwartz Slams Elon Musk, Reveals Motive behind His Proposal to Take Over Twitter
Reacting to the message on the license plate, Schwartz noted that the dot separating the tickers should have been replaced by an “>”, indicating his certainty that XRP is greater than XLM.
The crypto user showing love for both XRP and XLM tweeted, “What do you guys think of my new plate? Just to show my [love] for my 2 favorite assets.
In response to the tweet, David Schwartz wrote, “They accidentally put a • instead of a ＞.”
They accidentally put a • instead of a ＞
— 𝙳𝚊𝚟𝚒𝚍 𝚂𝚌𝚑𝚠𝚊𝚛𝚝𝚣 (@JoelKatz) August 7, 2022
Is XRP Indeed Bigger Than XLM?
It’s worth noting that both assets are somewhat similar in terms of use cases because both are dedicated to cross-border remittance. And it’s worth noting that they have a common co-founder Jed McCaleb.
However, Schwartz’s competitive comparison can be regarded as the truth if actual capitalist scales are considered. According to the capitalization estimate provided by CoinMarketCap, Ripple is 6 times bigger than Stellar. Ripple has a company size of $18 billion while Stellar has only $3.11 billion.
Read Also: David Schwartz on Why Ripple Chose Not To Pressure Customers on RippleNet to Use XRP
Though Ripple is clearly more extensive in terms of development, the latter’s attainment over the years can’t be thrown underfoot. According to the report for the second quarter of 2022, Stellar reported that the total number of accounts on the network surged by 28.5% year on year, with a total of 6.98 million.
Additionally, the number of payments on the network rose by 415% year on year to reach 38.786 million. The number of transactions during the same period increased also by 88%.
So, this implies that both companies are doing well in their capacities.
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