Forks In Alternative Crypto Solutions Ripple And Stellar
All cryptocurrencies based on blockchain are subjected to forking. This property is one of the key features in the crypto world as it allows introducing new functions, correcting mistakes, separating a part of community at their will, etc. Most of forking events are related to Bitcoin and Ethereum, which is quite natural as both projects are the most popular ones and their forks do matter. However, other cryptocurrencies can get forked as well. As examples, let’s consider Ripple and Stellar.
Ripple is another example of an open-source cryptocurrency platform which anyone can join. However, despite the fact that the network itself is declared as decentralized, Ripple as a company is a private, profit-oriented organization. Centralized high-level control can interfere with the platform’s processes, which makes forking unlikely.
Talking about technical details, we should mention the research of the Ripple protocol. It has an absolutely clear conclusion, saying that “no fork can occur in Ripple for sure. Since ρ = 0.8 in the current Ripple system, a sufficient condition for preventing forks is to ensure wu,v > 0.4 for all servers”.
So far, there is no evidence of Ripple forking. Yet, some internet sources contain opinions about past or future Ripple forks. The most interesting one is that the popular payment system Stellar is actually a fork of Ripple. Such rumours are based on the fact that both projects were co-founded by Jed McCaleb. However, McCaleb himself refutes this point.
Stellar is not a fork of ripple. It is completely different code.— Jed McCaleb (@JedMcCaleb) November 22, 2017
Another interesting solution is the Ripple forking project called Radix that was announced in March 2014. As of October 2018, it is actively developed. Unfortunately, apart from the only message on the Ripple forum, there is no other information on it.
Pretty sure Decred is a fork of Bitcoin.— Brad Mills (@bradmillscan) May 20, 2018
Tezos is 100% original? I thought it was also a fork of Bitcoin. @radixdlt is 100% original.
Isn't @ByteballOrg $GBYTE 100% original? $XEM is unique I believe. So is $MAID
Stellar is an open-source project for assets exchange. The platform is claimed to be a distributed ledger with low latency supported by its own “Stellar Consensus Protocol”. As we mentioned before, it was falsely called Ripple’s hard fork.
Since Stellar is a standalone actively developed project, it is naturally can have forks. First, let’s consider a failed project called Stellar Dolphin announced in June 2018. All its accounts were banned by September 2018.
Another project is Kin. It was initially planned as the implementation of Ethereum ERC20 token. This information still can be found in the whitepaper. However, in May 2018, developers decided to use a hybrid double-chain solution. They claimed their project would use two blockchains. The first one is Ethereum with its smart contracts, and the second one is Stellar. Such a product is rather unique for the blockchain universe, still it is active and is being developed.
Despite the popularity of Bitcoin and Ethereum networks, there are many interesting projects in alternative ecosystems. We will thoroughly discuss the development of other blockchain solutions in our next article.