Is Ripple the same as Bitcoin?

[Ameralsamt 2558]

Ripple is a digital currency used in currency trading in markets and is not actually used for buying and eliminating daily needs, and it has become one of the world's most famous trading currencies now called XRP, an acronym for open source payment system.، While bitcoin It is a cryptocurrency and a global payment system that can be compared to other currencies such as the dollar or the euro, but with several fundamental differences, most notably that this currency is a fully electronic currency that trades only online without a physicist. 

[Froshk 1828]

This is a total misconception, the only thing that is similar between these two distinctive coins is the fact that they are all cryptocurrencies but the price value, the market capitalisation and a host of other factors 

[Muhammad Adnan01283 523]

Sorry to say I have contrast with your opinion because there is no competition between ripple and Bitcoin Bitcoin is far ahead of ripple in every field of using crypto currency.

[Kenciuu 1729]

For now, they are not the same. Xrp needs more time be equals to bitcoin. Bitcoin is very popular and has high price. It is circulate in transactions for about how many years. It will not equal to bitcoin in terms of expansion and how bitcoin can be trade to all coins

[CryptoMaxim 3829]

To understand the difference between Bitcoin and Ripple, it is worth considering its competitor. Ripple, in fact, is not a cryptocurrency in the usual sense. This is a project (platform) that can be used by ordinary users, as well as by companies or banks. The digital asset of the platform is XRP. Unlike Bitcoin, there is no clear decentralization, because a large amount of coins (about 65 %) is at the disposal of developers.

[jackycrypto485 1055]

This is completely wrong, it is not possible to compare between XRP and Bitcoin because they differ from each other entirely, Bitcoin is a decentralized cryptocurrency while XRP is a central digital currency, and this is a fundamental and big difference between the two currencies that makes them completely different, although there is similarity in some other aspects.
Bitcoin is decentralized, anonymous, and no one can control it, while Ripple is centralized and controlled by the company that owns it.

[Kobitor 34]

currency based on mathematical formulas, and it has a limited number of coins, making it ultimately subject to mining. Both types of currency can be transferred from account to account (peer-to-peer, or P2P) without the need for any third party intervention. For now, Ripple has been stable since its launch, unlike Bitcoin, which has seen numerous depreciations so far this year.

[1qDan 478]

They are similar but never the same, since the centralized nature of XRP clearly goes against the principles by which Bitcoin was created, in addition its algorithms and purposes are different, bitcoin bets on an anonymous p2p transaction system while XRP on a centralized environment that knows where and when funds are transferred.

[JanBomCrypto 494]

1 hour ago, 1qDan said:

They are similar but never the same, since the centralized nature of XRP clearly goes against the principles by which Bitcoin was created, in addition its algorithms and purposes are different, bitcoin bets on an anonymous p2p transaction system while XRP on a centralized environment that knows where and when funds are transferred.

There is nothing similar about ripple and bitcoin, only very few similarities but much more different. 100 billion ripples were created at ones, making use of centralized blockchain, unlike bitcoin that not like that. Bitcoin developers do talk negative about ripple because of how centralized it is. 

[Jandancoin 482]

On 10/3/2020 at 12:31 PM, emrahgunes said:

I find it smarter to buy xlm instead of xrp because xlm is more decentralized

Stellar luman was a hard fork of ripple but you are right that it is decentralized while ripple is centralized. What can cause hard fork is when a whole community is not supporting a coin again while it will lead to hard fork which actually happen and resulted to the generation of stellar. Ripple is not decentralized in a anyway

 

[estmerbol 257]

On 10/8/2020 at 2:44 PM, maye22 said:

The only similarity that Ripple has to bitcoin is that both are cryptocurrencies but in reality they are very different.Ripple was conceived to carry out banking transactions between institutions and this is the opposite for what bitcoin was conceived for, which is a de-centralized network for making individual transactions. Another abysmal difference is its price, in addition Ripple has a different technology than Bitcoin. A similarity could be that both are mineable.

 Very good your analysis, the difference are abysmal although I declare myself a user of both. For investment I prefer BTC the profits obtained here are incredible. And acceptance is superior. But in speed and transaction fees Ripple carries a big advantage. I think there are their biggest differences. As they have already added each one has its particular movement and function in crypto market.

[Relium 424]

ofcourse they are not same thing actually they are opposite to each other. bitcoin is a decentralized crypto currency but xrp is controled by ripple company. 

[toprakdere 154]

Ripple is currently the third-most market capitalized cryptocurrency, after Bitcoin and Ethereum, among cryptocurrencies. The platform has its own currency (XRP), but the real magic is on the RippleNet platform. Users can create their own platforms on RippleNet and make transactions as they wish.

[toprakdere 154]

XRP is one of the most controversial cryptocurrencies on the market. at the same time it is one of the most successful projects behind bitcoin and ethereum. was born with the purpose of being an international payment system under the Ripple platform. Much is said about the absence of decentralization in this project, since 80% of the currencies are under the power of its parent company, Ripple, a system of open resource payments. decentralization occurs in the Ripple ledger, under a consensus algorithm that is not managed by any central. For this reason there is a lot of confusion since the XRP cryptocurrency that is usually the bridge to carry out transactions is not entirely decentralized. Despite all this controversy, XRP is a super innovative and powerful project in the current international cryptocurrency market and is supported by more than 300 financial institutions that have opted for this project worldwide. 

[Muhammad Adnan01283 523]

Bitcoin is clear leader among all cryptocurrencies in terms of market capitalization and overall adaptation rates other contenders continue to Serge ahead thanks to going adaptibility and varied applications.

While ripple is oftenly reffered to XRP although ripple is technically name of company and network behind crypto currency, and XRP is crypto currency.

Ripple is way behind Bitcoin.

[Sykkuno 2887]

Ripple is very different from Bitcoin. There is no mining but validators that get paid from transaction fees and there are some validators that are running from Ripple that are higher importance from the rest. Meaning it is centralized and these ripple validators can perhaps even block transactions.

[Mella 3680]

I am know ripple is different from the Bitcoin. It is a coin that is like a company and has an executive board of directors with people like Ceo and other officers that are high in command. They are run the xrp coin and have too many in wallets taht they unleash when prices are higher and sell constantly. It is a premined coin that is run on a blockchain system that needs validators similar to the bitcoin nodes, only controlled by ripple.

[annayks 2314]

It is very different although it has some features from Bitcoin. As I know it is claimed that xrp is centralized in the system it runs and it is supposed to be used by banks so this is perhaps how it should have been all along. Bitcoin is very different and is not run by a company, it is decentralized and following consensus something XRP clearly doesn't.

[Whited35 15285]

2 hours ago, 3M1nv said:

It is not the same as Bitcoin since XRP, it is of less value, what this cryptocurrency counts is that its commissions are less expensive than that of BTC.

What does it mean ? First of all, you look at their blockchain networks. Bitcoin network is public and decentralized but Ripple blockchain network is centralized with the limited participating nodes within their blockchain network. In the case of speed, Ripple is super fast than BTC. 

[Yomose 3704]

On 11/26/2020 at 11:38 AM, Kenciuu said:

For now, they are not the same

Not only for now, they will never be the same forever because ripple is just an altcoin. Ripple also is said to be one of the coins that is close source in a centralized manner. Also the ripple reserve of 20 ripple is another thing that is wrong about ripple. With bitcoin, you can spend all your coins. 

[bogdanoff 3173]

Ripple is running differently, they explain it and if you read closely you will see the company Ripple has control over the network and also owns way too much of the supply. Since this is happening I don't want to own xrp and stay away from it.

[percare 3192]

In most ways it isn't. It can be p2p but the transactions are validated differently. It has an open ledger that is a blockchain too but it doesn't mean that blockchains are not affected by code and Ripple has coded this to be under some control, while Bitcoin is not. Bitcoin is true freedom actually and this makes a big difference when comparing both coins.

[magd 5231]

Ripple is a Russian-made currency, and it is one of the currencies that many traders expect to have great value in the cryptocurrency market, but it stopped a good while ago and thus caused fear of traders in this currency, but with the return of the price of bitcoin, this led to the rise of the ripple again.

[Fixfin 2569]

In a very general approach only, so it is not the same at all. Only similarity is they are both called cryptocurrencies. There are major differences between Bitcoin and Ripple and you have to study first what Bitcoin is and gives to the people and then try to find anything same with Ripple. All the basic features are different.

[zhoutong 2188]

What are you saying here friend? XRP is not mineable it has a total supply of 100 billion XRP which were all premined and no mining ever happened. I think you need to do better research on this coin. By the way premined means no effort spend to secure the network and the blockchain.