What is the difference between Ripple's XRP and Bitcoin?

Ripple's XRP and Bitcoin are both cryptocurrencies, which are digital alternatives to government-issued currencies. There are some major differences between them. They differ in their main purposes, how they have been created, and the cost and time needed to make a transaction. Learn more about how Ripple and Bitcoin compare.

Is Ripple a cryptocurrency?

One of the most intriguing in its diversion from several crypto-norms is Ripple, a much more centralized cryptocurrency in a very decentralized space. Is the PlayStation Portable Worth It? Ripple is currently still classed as a cryptocurrency, but the manner of its founding and its operation is very different from some competitors.

What is Ripple Blockchain?

Ripple is a distributed ledger technology that may disrupt traditional financial procedures by providing a more efficient, faster and affordable payment network. In 2012, Ripple Labs — a United States-based technology company — developed Ripple’s blockchain infrastructure in response to Bitcoin technology.

How does ripple work?

Ripple can facilitate exchanges for a variety of fiat currencies and cryptocurrencies, such as Bitcoin, to name one example. Whenever users make a transaction using the network, the network deducts a small amount of XRP, a cryptocurrency, as a fee.