Ripple XRP in comparison with Bitcoin currently looks more and more advantageous. Earlier, some experts have already noted that Bitcoin has no real value, unlike Ripple XRP. The position of Bitcoin is maintained more due to the past hype, while Ripple XRP is really developing. There are more and more such opinions. So, the South African exchange Xago brought out the differences and similarities of Bitcoin and Ripple XRP, evaluating Ripple XRP much higher.
Ripple XRP vs. Bitcoin: Details of the Xago Evaluation
Ripple XRP is much better compared to Bitcoin, according to the South African crypto exchange Xago. The Xago exchange presented material where it pointed out the similarities and differences between Ripple XRP and Bitcoin. According to the trading platform, Ripple XRP and Bitcoin are open source. This means that both digital assets are not owned by any corporation or individual. Ripple XRP and Bitcoin also belong to decentralized digital assets. In terms of transaction speed, Ripple XRP significantly outperforms Bitcoin.
Ripple XRP calculations are faster in the Ripple register. There is also a difference in Ripple XRP and Bitcoin on a limited offer. This, respectively, is 100 billion against 21 million. Ripple XRP and Bitcoin can be translated peer-to-peer (p2p). Due to this, payment information is confidential for Ripple XRP and Bitcoin, while transaction information is completely public.
Also, the South African crypto exchange Xago emphasized that RippleNet and XRP were created to serve as intermediaries for payments with national currencies. This greatly facilitates the process, and is also quite effective for various financial institutions. Obviously, Bitcoin is not used for such purposes, which clearly reduces its usefulness to the world.
As the trading platform noted, Bitcoin can simply be called digital gold, nothing more. Like valuable metals, Bitcoin, in this way, can also become depleted after a while and sharply lose in value. The Bitcoin fever has long passed, but the fashion is different now, including Ripple XRP. Ripple XRP from this point of view is more precious, and, given the significantly larger volume, and extremely durable and reliable.