Blog 1

What is Ripple 3

Ripple (XRP) - Ripple sees itself as an addition to Bitcoin rather than a rival to it; the website has a page about Ripple specifically for bit coiners. Because Ripple is a distributed network, transactions happen instantly throughout the network. Additionally, because the network is peer to peer, it is resistant to systemic risk. Unlike bitcoin and its contemporaries, ripples aren't mined, but each transaction results in the destruction of a little quantity of XRP, adding a deflationary measure to the system. At the moment, there are 100 billion XRP.

The key differences between Litecoin LTC and Bitcoin are that the latter offers quicker transaction confirmations (about 2.5 minutes) and employs a memory-hard, script-based mining proof-of-work algorithm to target the common desktop PCs and GPUs that most users already own. Like the bitcoin network, the Litecoin network is expected to produce 84 million units of money with a reward that halves every four years. Charles Lee, a Google employee, is the inventor of the coin. Litecoin comes in second place after Bitcoin and has given rise to many clones, but it has a strong support system and a committed development team.

Written By: Name Style