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Is Ripple different from Bitcoin?
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• The total supply of XRP is capped at 100 billion while the total supply of Bitcoin is capped at 21 million.
• XRP’s average transaction speed is 4 seconds while Bitcoin’s transaction speed is 10 minutes.
• XRP Ledger could handle 1,500 transactions per second, which is 600 times faster than Bitcoin. Bitcoin can only handle an average of around 2.5 transactions per second.
• While XRP outperforms Bitcoin in terms of transactions per second, it has a different underlying consensus mechanism (trusted validators on XRP Ledger vs. distributed miners on Bitcoin) and therefore does not offer the same security that Bitcoin offers.
• XRP’s transaction fee is 0.00001 XRP (roughly $0.000001), while Bitcoin’s transaction fee is about $0.50-$1.00 per transaction.