Bitcoins vs Ripples

67 %
33 %
Information about Bitcoins vs Ripples

Published on March 8, 2014

Author: Tradefast



With the continuous downfall of bitcoins, Ripple is emerging as a promising virtual currency. Though there are factors to be consider while analyzing these currencies in digital arena. We tried to figure it out through the comparison.

Bitcoins Vs Ripples

What is Bitcoin? Bitcoin is a new currency that was created in 2009 by an unknown person. The transaction in these types of currency is made without any middle men or banks! There are no transaction fees and also no need to give your real name. Bitcoin is entirely decentralized, digital, and controlled by an open-source algorithm way back in 2009, which set the currency in motion.

What is Ripple XRP? Ripple is an open source person-to-person payment network — a simple way for anyone in the world to send money to anyone else at practically no cost. His reach, speed, and affordability are the advantages of a platform built for the distributed internet.

Ownership • Where Bitcoin is ownership based person to person system, Ripple is built on interconnected networks of p2p credit. • The Bitcoin system transfers ownership of one thing – Bitcoins. But in the Ripple system, you’re actually sending IOUs that will be redeemed somewhere else in the system.

Transaction Process • Ripple is faster than Bitcoin. It only takes a few seconds to finalize transactions. • Bitcoin and Ripple use a different method to reach network consensus process. • Bitcoin uses mining whereas Ripple uses an iterative consensus process.

Tracking The Bitcoin network tracks the movement of Bitcoins, but on the other hand Ripple can track account balances of an existing currency.

Security • To avail the advantages that cryptocurrency offers, Ripple is the solution as it provides increased financial freedom and privacy, minimal fees, cryptographically guaranteed security, and advanced features such as cryptographically enforced contracts and brainwallets but do not want to deal with Bitcoin’s volatile value

Contact us To know more about Ripple and to use XRPs, visit us at :• Website : • Facebook: • Twitter :

Add a comment

Related presentations

Les changements sur le marché du distressed aux Etats-Unis et en Europe

Main Sections of the Report 1) Nifty Technical View 2) 4 Large Cap Trade Ide...

This presentation consits the yearly results of Kinepolis Group

Related pages

Bitcoins kaufen, Bitcoin Kurs bei!

Wissenswertes über Bitcoins Unser Bitcoin Chart zeigt Ihnen den aktuellen Bitcoin Kurs in Euro (Kürzel: BTC und XBT) sowie die Bitcoin Kursentwicklung ...
Read more

How is Ripple different from bitcoin? - Quora

How is Ripple different from bitcoin? Update ... The Bitcoin network tracks the movement of Bitcoins. ... holding of stellars different from his ripples?
Read more

Bitcoin vs. Litecoin vs. Peercoin vs. Ripple vs. Namecoin ...

Bitcoin vs. Litecoin vs. Peercoin vs. Ripple vs ... ultimately meaning its price is directly connected to Bitcoins. ... • 100 billion total Ripples ...
Read more

Ripple VS Bitcoin? -

Ripple VS Bitcoin? Are you ... or don't understand the difference between Ripple and Ripples. ... accepting bitcoins. Sure, you can send using a ripple ...
Read more

Best Cryptocurrency Comparison: Bitcoin vs. Ripple vs ...

A look at the top 10 most capitalized cryptocurrencies including Peercoin vs ... Get Heavy's Top 5 News ... • 100 billion total Ripples ...
Read more

Bitcoin rival Ripple looks to make waves | PCWorld

Bitcoin rival Ripple looks to make waves. By Zach Miners ... called ripples, ... the most popular exchange for Bitcoins.
Read more

Bitcoin Marktplatz, Bitcoins sicher kaufen und verkaufen ...

Kaufen und verkaufen Sie schnell und sicher Bitcoins. Nutzen Sie den Marktplatz der Bitcoin Deutschland AG und handeln Sie mit der neuen Internet-Währung.
Read more

Welcome to Ripple | Ripple

Ripple’s distributed financial technology allows for banks around the world to directly transact with each other without the need for a central ...
Read more

Bitcoin Price Index - Real-time Bitcoin Price Charts

The CoinDesk Bitcoin Price Index provides the latest and most accurate bitcoin price using an average from the world's leading exchanges.
Read more