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 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).

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

XRP vs. Bitcoin

Overview

Table of Contents

Comparison

Is XRP faster than Bitcoin?

Is XRP cheaper than Bitcoin?