XRP vs Bitcoin
XRP and Bitcoin are two popular blockchains. In this article we'll compare them across a variety of metrics. Both blockchains have their own strengths and weaknesses, and we'll explore them below.
Table of Contents
Comparing Metrics
| 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% |
High-level Comparisons
Is XRP faster than Bitcoin?
Yes, XRP can process 1500 transactions per second. Bitcoin only processes up to 5.
Is XRP cheaper than Bitcoin?
Yes, XRP has an average transaction fee of $0.0002, whereas Bitcoin costs $5.0973.