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Ripple vs. Bitcoin

Kung ikaw ay nagsisimula palang sa cryptocurrency o kaya'y maalam ka na kung paano ito gamitin, malamang sa malamang ay narinig mo na ang Ripple (XRP) at Bitcoin (BTC).

 

Baka nga'y napunta ka sa page na 'to para maintindihan kung paano natatangi ang Ripple at Bitcoin. Nasa tamang daan ka dahil ang pagkumpara sa dalawang crypto assets ay ang pinakamadaling paraan upang matuto ukol dito.

 

Suriin pa natin ang pagkakaiba ng Bitcoin at Ripple.

Ripple vs Bitcoin
Ripple

RIPPLE

Ripple presented a new way of operating a blockchain’s transaction and records system for payment settlements.

Bitcoin vs Ripple

BITCOIN

Ang Bitcoin ay ginawa bilang sagot sa pag-manipula ng gobyerno sa pera, at naghahangad ito na maglingkod bilang alternatibo sa tradisyunal na mga currency ng gobyerno.

To further understand how these two complex networks work, read below for a side-by-side comparison of Ripple vs Bitcoin so you can start to better understand and appreciate the differences yourself.

Ang pagkakaiba sa pagitan ng Ripple at Bitcoin

Ripple

XRP was created to complement traditional payments by migrating transactions that occur today within financial institutions to a more open infrastructure.

 

In order for XRP to work, Ripple built the XRP ledger, a software that introduced a new way of operating a blockchain’s transaction and records system.

 

Similar to Bitcoin, the XRP ledger allows users to send and receive its XRP cryptocurrency using digital signatures.
 

Bitcoin

Bitcoin is an open-source software that allows its global user base to manage a digital money supply outside the control of any government or central bank.

 

It was created in response to the 2008 global economic crisis as a means to combat inflation. In fact, the first mined block contained the message: “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks,” a message many believe signifies the project’s revolutionary intent.

 

The Bitcoin software enables the computers running it to manage a ledger (the blockchain) that accounts for all transactions made using its currency (BTC) by enforcing a variety of rules.

 

The Bitcoin blockchain is a full record of the network’s transaction history validated by nodes, or individuals running its software. This ensures that each BTC cannot be copied or modified, and that bitcoins cannot be created or used in a way that is against its rules.

 

Bitcoins are scarce, divisible and transferable, making them a valuable alternative money.

Useful resources

If you are interested in learning more about Ripple and Bitcoin, please visit Kraken’s What is Ripple (XRP)? and What is Bitcoin (BTC)? pages.

 

Want more in depth information on specific cryptocurrencies and blockchain projects? If so, visit our Learn Center to further your education on this ever-growing space.