Bitcoin vs. Ripple: What's the Difference?

[rajput]

Bitcoin vs. Ripple:  An Overview
From the outside, the cryptocurrency investing universe seems limited to bitcoin. As the most well-known cryptocurrency, bitcoin is the leader in market capitalization and overall traction with investors.1
But there are several other options for those interested in diversifying their portfolio and experimenting with coins that offer a different take on the concept of digital currencies. Ripple’s XRP is one of them. In July 2021, the cryptocurrency ranked sixth in terms of total market capitalization. Let’s take a closer look at what distinguishes XRP from Bitcoin and other top digital tokens.1
Ripple is the company that is behind XRP, the cryptocurrency.
Bitcoin transaction confirmations may take many minutes with high transaction costs, while XRP transactions are confirmed in seconds with little cost.
XRP is a technology that is mainly known for its digital payment network and protocol.
Many major banks use the XRP payment system.
Miners verify transactions on an ongoing basis and add them to the Bitcoin blockchain. In exchange for their time and the computing power necessary to validate the ledger in this way, miners are rewarded with BTC upon successfully validating transactions.2

Ripple
XRP is the native cryptocurrency for products developed by Ripple Labs. Its products are used for payment settlement, asset exchange, and remittance systems that work more like SWIFT, a service for international money and security transfers used by a network of banks and financial intermediaries.3 XRP is pre-mined and uses a less complicated method of mining as compared to Bitcoin.