The Differences Between XRP and Bitcoin

Modified on Sat, 18 Feb 2023 at 05:56 PM

1. A difference between Ripple and Bitcoin is their functionality. Bitcoin was established as a decentralized digital currency on public blockchain technology. Whereas, Ripple was initially established to serve as a payment platform, remittance network, and currency exchange. It could be possible to freeze XRP but it may not be possible to freeze Bitcoin.


2. As XRP is a digital coin that functions in the Ripple network to enable money transactions between different currencies, Bitcoin is also a digital coin that functions in Bitcoin blockchain technology. Ripple transactions usually take approximately 4 seconds to process while Bitcoin transactions take longer to send confirmation. 


3. Another difference is that there are about a hundred billion Ripples pre-mined, whereas, Bitcoins are a mining process. Also, Ripple can track information on its platform, while the Bitcoin network only tracks the movements of Bitcoins.


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