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Is Ripple different from Bitcoin?
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โข The total supply of XRP is capped at 100 billion while the total supply of Bitcoin is capped at 21 million.
โข XRPโs average transaction speed is 4 seconds while Bitcoinโs transaction speed is 10 minutes.
โข 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.
โข 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.
โข XRPโsย transaction feeย is 0.00001 XRP (roughly $0.000001), while Bitcoinโs transaction fee is about $0.50-$1.00 per transaction.