Encryption enthusiasts have been patiently waiting to win, as 2022 has been particularly bad for the field. Locked in a data encryption winter, investor trust is down, and something is needed to correct the ship.

The analysis company Santiment pointed out that since December 2021, the addresses of "giant whales" have increased by 76%, which means that as of February 18, these people have added a total of 897 million coins in the reserve, with a value of more than 712 million. billion dollars.

The website further emphasized that the XRP increase confirmed in the past three months is the second largest increase among currency deposits. The first large-scale blessing occurred from November to December 2020, when Dolphin deposited a total of 1.29 billion XRP to the specific address. Part of the recent bout of XRP accumulation in dolphins has occurred in the past few weeks of recovery.

Ripple is the name of a company founded by Chris Larsen and Jed McCaleb in 2012. The company provides an electronic payment software called RippleNet. This software has been supported by many large banks and commercial banks, and it fulfills functions similar to the SWIFT payment platform.

XRP is a currency created to settle transactions through RippleConnect. The digital currency was built with speed and efficiency in mind. Assets are first converted into XRP, they are "pushed" where they have to play, and then converted back for whatever reason they need. Most accurately, XRP is used as an indicator of the value of transfers in the system.

In terms of technical parameters and supply, XRP works very differently from most other digital currencies. It cannot be mined, nor can transactions be verified using proof-of-work or proof-of-stake. In turn, some "trusted" principal agent will authenticate the sale. In fact, there is a consensus protocol for the operation of multiple financial institution servers. Transactions in XRP can also be confirmed in 4 seconds, and about 1,500 transactions can be processed in one second.

When Ripple was founded, a supply of 10 billion XRP was created. There are some distributions to partners, but most are still handled by the Ripple company, as it is until now. Ripple sells XRP on time to provide financial support for its operations. At this stage, there are 45.7 billion XRP in circulation, and the other XRP is "escrowed" by the company.

As they see it, XRP and Ripple are unique in many ways. Build them with the stated goals in mind, while providing some strengths and weaknesses. Let's dig deeper into the XRPBTC comparison.

The main difference between XRP and Bitcoin is that the latter uses PoW, while XRP runs a consensus algorithm. This also allows XRP to settle transactions more efficiently without "consuming" a large amount of computational and electrical energy. However, it actually creates a decentralization problem.

In essence, other nodes can be selected, but this has rarely happened in XRP's history. Also, although XRP could essentially be used to create different types of forks, this didn't happen either. In the end, it's pretty clear that Ripple, the company with which it's most closely associated, has a tight grip on digital currencies.

Must be something wrong? Depends on your development goals. XRP was established as the default settlement currency for the Ripple payment platform. It is designed to be simple and efficient, as is the fact, but it also allows Ripple to retain control. But, so to speak, they should be as interested as any XRP user in seeing the currency succeed, right?

Undoubtedly, this is also the essential difference between Ripple and BTC. The latter is built on the basis of blockchain technology, free "trustless". This is the nature of the digital currency movement.

Compared with Bitcoin, XRP (also known as Ripple, its parent company) is not well known to ordinary people. But you'd be surprised to know that even after all the hurdles of the SEC prosecution, XRP is still one of the largest cryptocurrencies by market capitalization.

In fact, in early and mid-April 2021, XRP rebounded, soaring to a price of $1, and almost touched $2 for the first time since 2018.

With the sentiment of the cryptocurrency market, the price of XRP has fallen to a low of $0.50 since May in a bullish trend. However, the price has recovered to $1 as Ripple made an effort to give 1 billion XRP to community platform Coil to promote adoption of the currency.

XRP is definitely an altcoin, but it is different from LTC, ETH, XLM and others in every way. Several elements that make XRP unique are its technical, conceptual implementation.

So, with a lot of change over the course of a few weeks, you can probably argue whether XRP is still a great investment.

Therefore, Bitcoin (BTC) and Ripple (XRP) are the most popular digital currency assets and can be widely used internationally. BTC is the industry-leading digital currency, and I believe that one day it will become a more common transaction center method. While BTC is the key asset in the market, there are many other assets on its contender list.

It is worth noting that one of the main competitors of Satoshi Nakamoto's customized currency is Ripple (XRP). Many people in the digital currency field are also arguing whether these digital currencies can coexist in the digital ecosystem.