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Ripple : What Makes XRP Different?

Ripple update: What Makes XRP Different?



At present XRP ranks at third place in terms of market capitalization after Bitcoin and Ethereum. Its current value is $40 billion.

There are many financial products those contributed in its success and increased its overall value.

Ripple is different from other [***cryptocurrencies***](http://cryptoreviewapp.com/what-is-cryptocurrency/) as Bitcoin and Ethereum. [***Bitcoin***](http://cryptoreviewapp.com/bitcoin/), ethereum and ripple all are traded on public exchanges but they are operated differently. In XRP ledger consensus algorithm is used for transaction verification whereas in Bitcoin based public ledger use proof of work algorithm.

Use of trust based system enables the segment of nodes to make right decision. It enables [***blockchain***](http://cryptoreviewapp.com/what-is-blockchain/) to cope with maximum throughput of transactions as compared to Bitcoin and Ethereum network. It makes XRP unique in terms of governance, supply and token generation.




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About Ripple (XRP)



Ripple connects banks, payment providers and digital asset exchanges via RippleNet to provide one frictionless experience to send money globally. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. XRP is the fastest and most scalable digital asset today.

Author: manoj4raturi

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