We humans often have this habit of making comparisons between two entities. Cryptocurrency is not untouched by it. After the popularity of Bitcoin, came an array of several alternate currencies called altcoins. Investors who used to bet on Bitcoin for its global fame diverted their attention in exploring the new variety of alternate cryptocurrencies. There are topics like can XRP hit 100 and various others. Ever since the emergence of altcoins, people have been curious to know which is the best among the altcoins that could pose close competition to Bitcoin. Let us take the case of one of the top altcoins, Ripple. Can this altcoin be the best alternate option to the dominant cryptocurrency, Bitcoin? Let us find out by knowing the differences between the two. Differences At the time of initial release, the complete supply of minted XRP was around 100 billion, and circulation about 45 billion in the present scenario. Contrary to it, the supply of Bitcoin is much lower to it, with only 21 million, with circulation at 18 million. Another big difference states the difference in transaction speed. Where Ripple provides speedier and affordable transactions, letting minimal price, currency exchanges with excess speed and remittances, Bitcoin operates as a decentralized cryptocurrency. It is far from any regulations and interference from the third party. Where it takes seconds in the confirmation of the Ripple transactions, Bitcoin, on the other way, takes an average time of 10 minutes. Follow Litecoin news today on Cryptoknowmics to get the latest updates on Litecoin. Cryptoknowmics
