Hackernoon logoWhat are the differences between Bitcoin and XRP? by@panosmek

What are the differences between Bitcoin and XRP?

The XRP Ledger (XRPL) was the second major blockchain system and consensus mechanism that was different from Bitcoin and Litecoin. The XRPL uses the Federated Byzantine Agreement (FBA) model as its consensus algorithm. Bitcoin's maximum supply is 21 million and XRP's total supply is 100 billion. There are no rewards, no more XRP can be minted and it is also deflationary, as every transaction cost is burned/destroyed, which slowly reduces its supply. This means that the XRP network has a better, more robust and more decentralized structure.
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@panosmekPanos

Founder of DigitalGen Financial Services. Focusing on financial and crypto education.

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by Panos @panosmek. Founder of DigitalGen Financial Services. Focusing on financial and crypto education.Read my stories

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