Bitcoin is a decentralized digital currency that works as a medium of exchange for goods and services. It was created in 2009 by a pseudonymous programmer named Satoshi Nakamoto (believed to be a Japanese man) as an alternative to other existing forms of currency, which are controlled by national governments and monetary authorities. Similar to cash, Bitcoin only exists digitally, but unlike cash it can be used to buy things electronically, like online goods or services. Bitcoin is made possible by a technology known as blockchain, which acts as the underlying infrastructure that makes facilitating transactions possible without the need of a third party (for example, banks).

Bitcoin

The XRP blockchain is a public, open-source ledger of all XRP transactions. The blockchain is distributed network of computers that are constantly and automatically updated by the actions of users. Each node (a computer connected to the blockchain network) keeps a copy of the blockchain that it receives when it joins the network.

	Bitcoin	XRP
Created by	Satoshi Nakamoto	Jed McCaleb, Arthur Britto and David Schwartz
Native token	BTC	XRP
Consensus algorithm	PoW	RPCA
Hashing algorithm	SHA-256	RPCA
Supports EVM	No	No
TPS	5	1500
Block time (secs)	600	10
Layer	1	1
Supports smart contracts	No	No
Average transaction fee	$5.0973	$0.0002
Staking rewards (APR)	0%	3.03%

Bitcoin vs. XRP

Overview

Table of Contents

Comparison

Is Bitcoin faster than XRP?

Is Bitcoin cheaper than XRP?