CRYPTO CURRENCY

WHAT IS DIFFERENT BETWEEN BITCOIN AND RIPPLE XRP

VY VIVEK JAIN

10-1-2022

BITCOIN VS RIPPLE

01

IN THE CRYPTO WORLD THE MOST KNOWN NAME IS OF BITCOIN BUT THERE ARE MANY OTHER COINS WITH THE POTENTIAL OF BLOWING UP AND ONE SUCH COIN IS RIPPLE SO TODAY WE WILL SEE WHAT IS THE DIFFERENCE BETWEEN RIPPLE AND BITCOIN

BITCOIN

BITCOIN OPERATES ON PUBLIC BLOCKCHAIN WHERE THE MINERS VERIFY TRANSACTIONS ON AN ONGOING BASIS.

RIPPLE XRP

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XRP ON THE OTHER HAND IS THE NATIVE CRYPTO CURRENCY DEVELOPED BY THE RIPPLE LAB. IT IS PPRE MINED AND IS LESS COMPLICATED THAN BITCOIN

DIFFERENCE BETWEEN THE TWO

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BOTH USES DIFFERENT METHODS

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TO VALIDATE TRANSACTIONS

XRP IS CHEAPER AS OF NOW

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AND ALSO FASTER A THERE IS NO MINING INVOLVED IN XRP IT IS PRE MINED

XRP HAS MORE COIN WHICH WILL PLAY A ROLE IN SUPPLY AND DEMAND 

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NO ONE OWNS BITCOIN AS ITS A PUBLIC SYSTEM

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BUT XRP EVEN THOUGH ITS DECENTRALISED IS OWN BY THE COMAPANY RIPPLE

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