Ripple vs Litecoin: What are the differences?
Developers describe Ripple as "A real-time gross settlement system, currency exchange and remittance network". It is an open source protocol which is designed to allow fast and cheap transactions. On the other hand, Litecoin is detailed as "A cryptocurrency that uses a faster payment confirmation schedule". It is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. It is an open source, global payment network that is fully decentralized without any central authorities.
Ripple and Litecoin belong to "Blockchain" category of the tech stack.
Some of the features offered by Ripple are:
On the other hand, Litecoin provides the following key features:
- Faster transaction
- Improved storage efficiency
- Leading math-based currency