If the walls is a rigid wall (reinforced concrete ot reinforced masonry) there is little difference since they are both cantilevers constructed on a concrete footing.
A segmental retaining wall (SRW) is a totally different animal since it cannot be on a rigid footing (compacted base instead) and is allowed to move slightly since cracks on the surface are not seen nor are objectional. The open joints help to control the moisture behind the wall itself.
In either case, proper drainage of the soil retained in necessary.
Dick
Engineer and international traveler interested in construction techniques, problems and proper design.