Xrp vs ethereum

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While XRP has trailed ether since being listed on cryptocurrency markets, the gap between them has mostly been erased this month. In fact, XRP leapfrogged ether three times in September as cryptocurrency market capitalizations rose. Given the close gap between both cryptocurrencies, which should you invest in? But it fell into a downward spiral after a barrage of criticism from experts and regulators crashed its price in the ensuing months.

Their criticism mainly centered around the fact that XRP is not essential nor required to make transfers. This has largely been due to positive press and enthusiasm about smart contracts, which allow for a digital exchange of value between two parties in a transaction.

Ether is the underlying cryptocurrency that powers such transactions possible and the bump in its price is largely because investors expect it to gain traction and velocity as smart contracts proliferate across industries. Ripple makes use of the XRP Ledger protocol within it's bank networks for transactions consensus mechanism. Ethereum has partial proof of stake and proof of work consensus mechanism in effect. Ripple is financial network that connects various private banking entities whereas the XRP is a crypto that connects the blockchain to these financial sources for exchanges.

Ethereum has ETH has it's token for the use on the blockchain which is based on the Ethereum Virtual Machine that runs the blockchain in various layers. Ripple is owned by the Ripple Labs which is a privately owned entity and the blockchain it's resources are closed source. Ethereum has now a foundation and it's open source maintained entity along with it's blockchain. Ethereum makes use of the Solidity for it's smart contract and blockchain development.

Ripple XRP has the low transaction fees on it's private networks usually around 0. Ethereum due to it's proof of work consensus model, it has higher network fees as of this date. Ripple has upto TPS with the approval rate of the seconds. Ethereum has TPS as of this date with block approval rate much higher than Ripple. Ripple too has external 3rd party exchange options for stake, lend and borrow option.

Ethereum does allow the stake, lend and borrow option in exchange. Ripple current ability for the dApps and the smart contracts are private while the public federated dApps and smart contract side chain is not yet deployed.