Ripple vs Bitcoin

[adpinbr]

I still dont get how consensus will work with ripple. Is it POS?

[1714920879]

1714920879

[1714920879]

1714920879

[1714920879]

1714920879

[mmeijeri]

I still dont get how consensus will work with ripple. Is it POS?

No, every validator specifies a list of other validators he wants to reach consensus with. See https://www.youtube.com/watch?v=pj1QVb1vlC0 and https://ripple.com/wiki/Consensus.

[Sukrim]

PoS is a weighted (the "stake") version of consensus I guess. Because it would be easy to do sybil attacks (introduce a lot of "sock puppet" nodes that you control secretly) that way, Ripple has a UNL (unique node list) instead, so every validator in the network also is free to choose from the pool of total validators, which ones are likely not colluding. The advantage is that others can not force themselves into the system by just buying their way in (as in PoS), the disadvantage is that it is difficult to build a "real" UNL (that fulfills the "unique" part).

[bibbit]

Ripple has a very low transaction rate at the moment and very few gateways and validators compared to Bitcoin.   

24 hr Transaction Volume:
$1,349,494.36
( http://www.ripplecharts.com/#/ )

Even that number may be seriously underreporting Ripple's volume. If you look at the source for totalValueSent in the data API, you see that it only checks the volume on five currencies:

Code:

  //all currencies we are going to check    
  var currencies = [ 
    {currency: 'USD', issuer: 'rvYAfWj5gh67oV6fW32ZzP3Aw4Eubs59B'},  //Bitstamp USD
    {currency: 'BTC', issuer: 'rvYAfWj5gh67oV6fW32ZzP3Aw4Eubs59B'},  //Bitstamp BTC
    {currency: 'USD', issuer: 'rMwjYedjc7qqtKYVLiAccJSmCwih4LnE2q'}, //Snapswap USD
    {currency: 'CNY', issuer: 'rnuF96W4SZoCJmbHYBFoJZpR8eCaxNvekK'}, //RippleCN CNY
    {currency: 'CNY', issuer: 'razqQKzJRdB4UxFPWf5NEpEG3WMkmwgcXA'}, //RippleChina CNY
    {currency: 'XRP'}
  ];

Not only does this volume report omit many currencies with non trivial volume, these five currencies are no longer all in the top five every day. Ripple Trade Japan JPY in particular has been muscling into the top five on occasion during the last week or two, but it doesn't show up in the reported volume.

Basically, until the API is updated with a broader selection of gateways, treat any Ripple volume numbers as absolute lower bounds.

[andypagonthemove]

Whats a good impartial resource to read up on Ripple?

[kucritt]

as i know bitcoin is more great cryptocurrency than other cryptocurrency, and i think volume ripple is less than bitcoin , its mean that bitcoin have more users and popularity than ripple.

[goldexp83]

Ripple despite the fact that is more centralized, has still manage to to get traction and interest from many investor,  especially in the banking space as a replacement of old system like IBAN

but I still think that Bitcoin its much more superior and has thrived even more, creating the entire ecosystem of blockchain and helped many startups to become leader in the space

for the future I hope we will be able to compete all together vs old banks and corrupted systems

[bitcampaign]

payment gateways like ripple will not be possible to replace the position of bitcoin on coinmarketcap, it's just that many big players are there but not for me, even though xrp replaces the ethereum position in coinmarketcap it still doesn't appeal to me

[team87]

So far today I have seen good ripple achievements, still ranked number 2 on Coinmarketcap. And if we talk about bitcoin, really no one can replace it. I still admit that bitcoin remains the crypto king with all its popularity. And Ripple has already made something great. Please correct my opinion today.
Keep the spirit..

[paymentbit21]

I think that all the same the most important Bitcoin, he was the first, and this is like Adam, and Eva has turned out from his rib, and new cryptocurrencies started to be born from Bitcoin! It's great! It would be even better if Ripple and Bitcoin were together and both were important.

[e@symode]

The project XRP and BTC are projects giants and without these projects the cryptocurrency sector simply cannot live, because today they have huge funds. Therefore, I think that there are really great opportunities.

[Nivelir]

What is the point of comparing such projects? I don’t see what's the point of comparing a BTC project with other projects. The BTC project is the most original project and other projects simply do not make sense, especially if the speed is improved.

[cribusen]

Why are people investing in Ripple. I can understand people that are investing in small caps tokens to get profit, I can get hunters that are trying to earn these tokens, I can even get people that are buying tokens during the first exchange dump to save money, but I do not get people that are investing in a coin without a limited supply.

[apitico]

Why are people investing in Ripple. I can understand people that are investing in small caps tokens to get profit, I can get hunters that are trying to earn these tokens, I can even get people that are buying tokens during the first exchange dump to save money, but I do not get people that are investing in a coin without a limited supply.

Do you know a lot of coins that are limited? Bitcoin is valued for being limited to 20 million coins, and therefore its value should increase as each Bitcoin is mined. Ripple is in great demand among banks and I am sure that Ripple will be used by many banks around the world.

[vgk88]

I think Bitcoin is much more promising than Ripple. Ripple is very dependent on banks, and Bitcoin is their opposite. If the banks give up Ripple, he will die. I'm not sure that the banks are betting on Ripple.

[prasad87]

Ripple is company-controlled, and although bitcoin has recently been moving in that direction it still looks like a better pick.
But Ripple sold 535 million worth of XRP just last year, imagine what they could do with all that money - lobbying and whatnot. Who knows, maybe they'll take the #1 spot

[pixie85]

I think Bitcoin is much more promising than Ripple. Ripple is very dependent on banks, and Bitcoin is their opposite. If the banks give up Ripple, he will die. I'm not sure that the banks are betting on Ripple.

They aren't really doing much with it. The protocol has been around for years and this year we're getting first real news that XRP might finally be used for something. Compare it to Bitcoin. People have been transaction in it 9 years ago, but who is using XRP? Ever heard of people who were doing anything with it besides trading?
This centralized bank coin will still be the same thing 5 years from now, when even less people will trust banks.

[vgk88]

They aren't really doing much with it. The protocol has been around for years and this year we're getting first real news that XRP might finally be used for something. Compare it to Bitcoin. People have been transaction in it 9 years ago, but who is using XRP? Ever heard of people who were doing anything with it besides trading?
This centralized bank coin will still be the same thing 5 years from now, when even less people will trust banks.

I think Ripple could do useful things for the crypto industry. For example, they could create a stableblock that would be provided with funds in one or several banks that are Ripple partners. I also think that Ripple could help the exchanges to have access to fiat. But for some reason Ripple does not do it.

[ololajulo]

I don't encourage some comparison between some tokens; those little differences in the token are what investors are buying. Ripple is enjoying a very good use case and sustainable trade volume but its price still depend on bitcoin. Fund are always

[Lesia13bbb]

I wouldn't compare Bitcoin with anything at all. Because these are completely different things. Bitcoin has always been a leader and they will remain.