- The difference between Ripple and Bitcoin is their functionality. Bitcoin was established as a Decentralized digital currency on the 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.
- As XRP is a digital coin that functions in the Ripple network to enable money transaction between different currencies, Bitcoin is also a digital coin that functions in the Bitcoin Blockchain technology. Ripple transactions usually takes approximately, 4 seconds to process, while Bitcoin transactions takes longer to send confirmation.
- Another difference is that there are about a hundred billion Ripples premined, whereas, Bitcoins are a mining process. Also, Ripple can track information on its platform, while Bitcoin network only tracks the movements of Bitcoins.
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