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Crypto Tips and Guides

Bitcoin vs. Ripple: What’s the Difference?



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Bitcoin vs. Ripple: An Overview

From the exterior, the cryptocurrency investing universe seems restricted to bitcoin. As the most well-known cryptocurrency, bitcoin is the king in market capitalization and overall traction with investors.

But there are several other options for those inquisitive in diversifying their portfolio and experimenting with coins that offer a different take on the concept of digital currencies. Ripple’s XRP is one of them. In July 2021, the cryptocurrency ranked sixth in terms of total market cap. Let’s take a closer look at what differentiates XRP from Bitcoin and other top digital tokens.


Bitcoin works on a public blockchain ledger that supports a digital currency used to enable payments for goods and services. The bitcoin network is based on the blockchain concept, a public ledger of confirmed transactions and record keeping.

Miners verify transactions on an enduring basis and add them to the Bitcoin blockchain. In exchange for their time and the computing power required to validate the ledger in this way, miners are rewarded with BTC upon successfully validating transactions.


XRP is the native cryptocurrency for products developed by Ripple Labs. Its outcomes are used for payment settlement, asset exchange, and remittance systems that work more like SWIFT, a service for global money and security transfers used by a network of banks and financial intermediates. XRP is pre-mined and uses a less hectic method of mining when compared to Bitcoin.

The company was known as a peer-to-peer trust network that leveraged social media. Users within a network could bypass banks and make loans and open credit lines with each other. But the web failed to take off.

In 2012, three years after Bitcoin showed in the crypto era, Ripple switched tracks and became OpenCoin—a network for money transfers where large businesses and financial services firms acted as counterparties to transactions.

XRP, its cryptocurrency, was founded in the same year with 80 billion tokens going to the company and 20 billion to its co-founders. The purpose of XRP was to serve as a middle mechanism of exchange between two currencies or networks. OpenCoin evolved Ripple Labs in September 2013.

Ripple defines itself as a global payments network and estimates major banks and financial services amongst its customers. XRP is used in its products to enable quick conversion between various currencies.

Key Differences

The key differences between Bitcoin and XRP are as follows:

Both Have Different Methods to Validate Transactions

Instead of using the blockchain mining idea, the Ripple network uses a remarkable distributed agreement mechanism to validate transactions in which participating nodes confirm the authenticity of a transaction by conducting a poll. This facilitates nearly instant confirmations without a major authority.

The result is that XRP stays decentralized and is quicker and more dependable than many of its competitors. It also means that the XRP consensus system destroys negligible amounts of energy as compared to Bitcoin, which is deemed an energy hog.   

XRP Is Cheaper and Faster than Bitcoin

Due to the complex and intensive nature of mining used in the cryptocurrency, Bitcoin transaction guarantees may take many minutes and are associated with high transaction costs. XRP transactions are confirmed within seconds and typically occur at very low costs. Related : btc price prediction

Similar to the bitcoin transaction processing fee, XRP transactions are charged. Each time a transaction is conducted on the Ripple network, a small amount of XRP is charged to the user (individual or organization).

XRP Has More Coins in the Market 

About 1 billion XRP were pre-mined at takeoff and have been removed slowly into the market by its main investors. In contrast, Bitcoin’s supply is capped at 21 million, meaning there will only ever be 21 million Bitcoin in existence. BTC’s artificial absence has helped develop investor interest in its possibility as a store of value.

XRP and Bitcoin Have Different Circulation Mechanisms

Bitcoins are extracted and added to the network as and when miners find them. They do not stick to a firing schedule and their supply depends mostly on network paces and the difficulty of the algorithm used to mine coins.

A smart contract contains the release of XRP. Ripple is designed to release a maximum of 1 billion XRP tokens each month as controlled by an in-built smart contract; the current circulation is over 50 billion.

Any unused portion of the XRP in a particular month will be shifted back to an escrow account. This mechanism guarantees that there will be no possibility of misuse due to an excess of XRP crypto coins, and it will take numerous years before all the crypto coins will be available.

Bitcoin vs. Ripple Example

To comprehend both with real-world comparisons, below are some metaphors.

Peter, living in America, visits Walmart and pays for his buys in US dollars. He can also use his US dollars to buy other currencies for trading and investment, like GBP or JPY, and sell them off at a later date for a gain or loss.

Bitcoin is an similar digital currency—an alternative to real-world US dollars, for example.9 Peter can make a buy and settle for it in bitcoins, or he can purchase bitcoins for trading and assets and sell them off at a later date for profit or loss, just like selling any other fiat currency like the GBP or JPY.

If Peter in America wants to send $100 to Paul in Italy, he can do so by introducing his American bank to accomplish the transaction. After taking necessary charges, Peter’s American bank will issue instructions using the present-day SWIFT system that will credit Paul’s Italian bank account with the similar to euros (or USD). 

This process may affect high charges at both ends and takes a certain number of days for transacting.

Enter Ripple, the price and payment system that also has a coin, the XRP.10

Ripple’s payment system uses XRP tokens for the transfer of assets on the Ripple network.11 The same $100 can be converted immediately by Peter to equivalent XRP tokens, which can be instantly transferred to Paul’s performance over the Ripple network.

Read: xrp price prediction 2025

Upon suitable verification and authentication of the transaction by the decentralized Ripple network, Paul will receive the XRP tokens. He will have the opportunity to convert it back to USD or any other currency of his choice, or even keep it as XRP tokens. The confirmation process is quicker than those of bitcoin and traditional money transfer systems.

The Bottom Line

While Ripple works in a bit more complex way, the above example explains its basic workings. The Ripple system achieves more useful than the bitcoin network for its lower processing times and lower transaction charges.

 On the other hand, BTC is typically more general and better known than XRP, giving it the benefit in other ways.12

Bitcoin stays a truly public system that is not owned by any single person, authority, or government.9 The Ripple network, although decentralized, is owned and managed by a private company with the same name.13 Despite both including their special cryptocurrency tokens, the two popular virtual systems cater to additional uses.

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Crypto Tips and Guides

Meme tokens are the fun face of currency with a promise



Meme tokens

Meme Token is a cryptocurrency that’s created to encourage and reward social media content creators. The project’s core purpose is to create a decentralized and censorship-resistant system for rewarding users for creating or sharing content on social media platforms. It’s also designed to encourage creators of content to create more content and to be rewarded for this content. The creators of content will be rewarded with memes coins in return for their efforts and the community will be rewarded for using the platform.

Meme tokens are the fun face of cryptocurrency

Crypto Memes are the newest craze in the crypto world. They love to have a little fun with crypto assets in the shape of meme tokens.The popularity of Dogecoin has increased significantly since its first release.

After Doges, Shibas, and other breeds have used the Dog emblem for attracting and good luck, others have used the Dog symbol, too.Dogecoin is a joke. It was created by Billy Markus, and with its introduction, a new era of crypto assets was launched.

The Age of memes has begun

The age of memes is upon us and is dominating the crypto world with its already making a mark in the top ten cryptocurrencies.All the meme tokens have a joke or a reference to a specific society and celebrities associated with them.

This makes them followed by a community that is already following a certain celebrity or a thought that is behind that meme currency.

The dog symbol is famous among the meme tokens

The crypto world was flooded with dogecoin, a cryptocurrency with a dog as its symbol that resembled all of the other popular cryptocurrencies, including litecoin, peercoin, namecoin, and many others.

These new Dogecoin memes have emerged and look like they will probably stay around for a while. They are themed on a dog.Elon Musk is the main reason why Dogecoin got so much attention on Twitter. His tweet about the advantages of backing Dogecoin really hyped up the coin, as well as many others like it. 

But one day Elon Musk tweeted something that made all of the coins lose a lot of value in the market, which is something that even the biggest investors cannot predict. Elon Musk’s tweet was about the possibility of Bitcoin and Ethereum becoming obsolete. In fact, Elon Musk stated that he had “bought a bag of dogecoins” to protect himself from the risk of a crash. This statement by Elon Musk was extremely shocking for the crypto community, as well as the market.

Meme tokens and DeFi

Meme tokens are based on a decentralized financial system, making them a safe investment. But you should check the market and make your analysis before investing.

Another good meme project is HOKKFi. It provides an insight into all other meme currencies.Before you decide to invest in memes, do your homework to see which platform is the most popular and where you can find the most active user base.


The Crypto market is always on the bouncy track with some cryptos going up and at the same time some having bad experiences but one thing is certain a cryptocurrency, meme token or a regular coin, that has a strong and determined team behind it will stay strong in the market.

One of the strongest and most ambitious teams behind a meme project is HOKKFi with the meme tokenHokkaido Inu (HOKK). They are going strong with some amazingly incredible plans and projects for the future to reward their loyal community with a number of benefits.

If you want to know more about the HOKK project by HOKKFi, visit

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Crypto Tips and Guides

Best courses to excel in your forex trading career in London



forex trading career

Forex trading is one of the most popular ways to make money online, and London is known as one of the best places to trade fx. There are many reasons for this, including that London is the world’s financial capital and home to some of the largest banks and financial institutions.

If you want to make the most out of your forex trading career in London, it is vital to choose the right course. There are many courses available, and each has its advantages and disadvantages. Here is a look at finding the best courses to help you excel in your forex trading career in London.

What kind of trader do you want to be?

When choosing a course, you first need to decide what type of trader you want to be. There are two main types of traders: technical traders and fundamental traders. Technical traders use charts and technical analysis to make their trading decisions, while fundamental traders focus on economic news and events.

If you’re new to forex trading, it’s probably best to start with a course that focuses on technical analysis. It will give you a good foundation in the basics of forex trading and help you learn how to read charts and use technical indicators. Once you have a solid understanding of technical analysis, you can then move on to courses that focus on fundamental analysis.

Do you want a live or online course?

Another important consideration when choosing a forex course is whether you want a live or online course. Live courses are usually held in person, while online courses are delivered online.

Live courses are more interactive and allow you to ask questions and get feedback from the instructors. Online courses are generally more affordable and can be accessed from anywhere.

What is the level of experience of the instructors?

When choosing a forex course, it is vital to consider the level of experience of the instructors. The best courses are usually taught by experienced traders who have a proven track record of success in the forex market. However, those can be expensive.

What type of support is available?

Another important consideration when choosing a forex course is the available support type. Some courses offer email support, while others offer live chat or phone support. The best courses will offer these options to get help when you need it.

What is the length of the course?

A course can range in length from a few hours to several weeks. If you are new to forex trading, it is probably best to start with a shorter course to get a feel for the market before committing to a longer course.

What is the format of the course?

Courses are typically offered in either an online or offline format. Online courses are usually delivered as video lessons that can be accessed. Offline courses are usually held in person and involve group discussions and hands-on training. Understanding how each lesson will be structured can also help you determine which course to choose.

The eight best courses to help your forex trading career in London

Online Trading Academy- Online Trading Academy has a wide range of courses to help you get started in forex trading. The courses are made for both beginners and experienced traders.

Trading College- Trading College offers many different courses to help you start your forex trading career. The courses are made for both beginner and experienced traders.

Learn to Trade- Learn to Trade offers many different courses to help you start your forex trading career. The courses are suitable for both beginner and experienced traders.

London Academy of Trading- The London Academy of Trading offers many different courses to help you start your forex trading career. The courses are suitable for both beginner and experienced traders.

CMC Markets- CMC Markets is a broker that offers a variety of courses to help you get started in forex trading. The courses are made for both beginners and experienced traders.

Investec- Investec offers many different courses to help you start your forex trading career. The courses are also suitable for both beginner and experienced traders.

Saxo Bank- Saxo Bank is a global bank and broker that offers many different courses to help you start your forex trading career. Some of their courses take place in the form of webinars and are suitable for both beginner and experienced traders.

If you need more info on forex as a product and options for UK traders, click to read more.

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Technology and Gaming Guides

Top 5 key Blockchain Technology Concepts



Blockchain Technology Concepts

Blockchain technology plays an active role to offer better service in trade finance. It highly relies on a decentralized, digitized and distributed and virtual ledger which can make it more robust and secure than other payments. It is capable of logging all digital transactions like verifying and recording without the requirement for the financial intermediary. In simple terms, it’s a new way of logging information and/or transmitting funds. It creates a viable record of transactions which gives ways to store the information in a single master database. This has a varying immutable record of transactions which can give the right origination of transactions.

By implementing blockchain technology there’s potential for 70 percent in cost savings on business operations and 30-50 percent potential cost savings on compliance.

The technology which began with crypto currencies like Bitcoin has emerged and gained full potential and is spreading immensely in the other industries too. Many firms have adopted this to drive and to the get better transparency across the digital information ecosystem. The popularity of Bitcoin gave rise to this technology application in various other industries.

In this article let’s understand the most important concepts of blockchain industry

Private Blockchain Networks

Private Blockchain operates on closed networks, and tends to work well for private businesses and organizations. Firms can use this to customize their accessibility and authorization preferences, parameters to the network, and other important security options. Only one authority manages a network.

In private blockchains, there is need for permission to write, send and receive the data. This data is generally connected by the firms which can be accessed by an organization, and only specific users are allowed to carry out this transaction. The organization which has the control has the power to change the rules of this blockchain which can even decline in transactions which is based on established rules and regulation.

Public Blockchain Networks

Bitcoin and other cryptocurrencies originated from public blockchain, which also played a role in popularizing DLT. Public blockchain also help to eliminate certain challenges and issues, such as security flaws and centralization. With DLT, data is distributed across a peer-to-peer network, rather than being stored in a single location. A consensus algorithm is used for verifying information authenticity; proof of stake (PoS) and proof of work (PoW) are two frequently used consensus methods.

This is where the user becomes the member of a blockchain network. This is where they can store, send or receive the data without the software. This information is stored and can be accessed by anyone in the world. This is completely decentralized, and the people can read it is shared to everyone equally.

Permissioned Blockchain Networks

Also sometimes known as hybrid blockchain, permissioned blockchain networks are private blockchain that allow special access for authorized individuals. Organizations typically set up these types of blockchain to get the best of both worlds, and it enables better structure when assigning who can participate in the network and in what transactions.

Consortium Blockchain

Similar to permissioned blockchain, consortium blockchain have both public and private components, except multiple organizations will manage a single consortium blockchain network. Although these types of blockchain can initially be more complex to set up, once they are running, they can offer better security. Additionally, consortium blockchain are optimal for collaboration with multiple organizations.

The Process of Transaction

One of blockchain technology cardinal features is the way it confirms and authorizes transactions. For example, if two individuals wish to perform a transaction with a private and public key, respectively, the first person party would attach the transaction information to the public key of the second party. This total information is gathered together into a block.

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