The main difference between XRP and Bitcoin lies in the fact that the latter uses PoW, while XRP operates a consensus algorithm . This allows XRP to process transactions faster, and without “wasting” vast amounts of computing power and energy. However, it does create a problem of centralization.
Read moreWhat is XRP being used for?
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.
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