Topic: Ripple vs Bitcoin - page 4. (Read 13394 times)
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.
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.
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..
Keep the spirit..
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
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
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
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.
Whats a good impartial resource to read up on Ripple?
all the same bitcoin, because it is the basis of all cryptocurrencies, I think it will disappear, all currencies will disappear, because the fish is rotting from the head, is not it?
Exactly. Its not a competitor to bitcoin. Ripple is different in many ways and plays a different role.
XRP is the cryptocurrency used on this payment network for making cross-border transactions simple and fast. With Ripple XRP, every transaction will take only 4 seconds - far quicker than most other cryptocurrencies.
Ripple is not only a cryptocurrency but also a payment network. The cryptocurrency is known as Ripple XRP, and its payment network is called RippleNet.
Ripple cryptocurrency technology is rapidly being adopted by the banks due to its speed. Using XRP, banks can provide their clients with liquidity. This can be done in real time and on demand! It also eliminates the need of any pre-funding.
With support for major exchanges globally, CoinSwitch, best cryptocurrency trading platform allows traders to compare prices for the Ripple coin at one place.
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.
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).
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.
I still dont get how consensus will work with ripple. Is it POS?
Ripple, the annoying "coin" I keep have to filter away on coinmarketcap.com
So yes, Ripple as we know it came after Bitcoin and was a response to it.
Technically true but they had a lot to start with, including protocol detail up to and including the ideas surrounding XRP. Yes it's grown a great deal beyond what it was, but it is effectively the same system that had a prototype back in 2007. There's a reason why Ryan Fugger got bought out.
2. Without the work that Ripple Labs has done, there would be 0 Ripple! Oh yeah, and by the way, who owns most of the Ripple? That is a pretty big deal.
You mean 'most of the XRP'. XRP is not really money, regardless what RL will tell you, and there is enough of it out there for the Ripple network to work even if the rest were hoarded, and even if it's not distributed in a fair manner, this is not a problem for the system. This has been argued over and over again. Unless you consider XRP to be a threat to bitcoin, in which case why would you bother? Bitcoin has the avantage of network of scale and trust and a 4 year lead on that. There is no contest.
Instead of writing "second generational platform", it is much easier to say "2.0".
It is godamned lazy is what it is.
Ripple has a very low transaction rate at the moment and very few gateways and validators compared to Bitcoin. It's too soon to tell which would be faster on equal footing. Normal purchases are reasonably assured with zero confirmations.
24 hr Transaction Volume:
$1,349,494.36
Granted that's not bitcoin big, but that's still not too shabby for an average day.
( http://www.ripplecharts.com/#/ )
The bigger question is what does volume even mean on Ripple?
so far, NO ONE can explain even one benefit of Ripple. is this a joke?
I asked you a question so I could address your concerns - the fact that you're ignoring me and just postulating the lack of benefits of Ripple suggests you have an agenda.
I didn't see the question , what is the question
https://bitcointalksearch.org/topic/m.6101868
3. Bitcoin was the first generation cryptocurrency using the blockchain. There are lots of other first generation coins. The 1.0 and 2.0 doesn't refer to version release numbers, it refers to generations of technology. Since Ripple was not a clone of Bitcoin but was redesigned from the ground up to be a completely different platform (yes, it is a platform) that is more robust, handles more processes, and is quicker and easier, it represents a generational shift in between the first generation platforms. So, yes it is a second generation platform but instead of writing "second generational platform", it is much easier to say "2.0". There are many others including CounterParty, MasterCoin, Bitshares, and NXT. Ethereum will at least be a 2.0 and maybe even a 3.0 depending on how a person looks at it. By the way, "3.0" symbolizes for "third generation platform".
...
So who "controls" the ripple protocol. You talk about nodes. Bitcoin is controlled by a democracy of hash power. Who can implement/control the ripple protocol?
So who "controls" the ripple protocol. You talk about nodes. Bitcoin is controlled by a democracy of hash power. Who can implement/control the ripple protocol?
Who 'controls' TCP/IP? Protocols are not 'controlled'. If you speak the protocol to a node on the network, the network will listen to you, and you become part of it. Ripple is not really that democratic, it is more consensus-based. This might be a little hard to wrap your head around, but it can work.
TCPIP suffers from the double spend problem which is why is isn't used to transfer money.
So the only way we have been able to solve that problem is thru an open ledger, that open ledger is agreed upon by everyone (consensus). In bitcoin hash power (and the economic motivation that stems from having hash power) dictates the open ledger, what dictates maintainence of a trustworthy open ledger in ripple?
Bitcoin is better !!
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