The post Ex-Ripple Executive Highlights XRP’s Superiority Over Bitcoin appeared on BitcoinEthereumNews.com.

XRP is more scalable than Bitcoin, processing thousands of transactions per second, while Bitcoin handles only a few. XRP transactions are significantly cheaper, costing a fraction of what Bitcoin transactions require. Recently, Matt Hamilton, the former director of Developer Relations at RippleX, stated that XRP has several advantages over Bitcoin, including the ability to scale and cost. In an interview with the Mr. M Podcast, Hamilton explained why Bitcoin has drawbacks and why XRP can become a mass market. 🚨BREAKING NEWS: Matt Hamilton, ex-Ripple Dev, Schools Bitcoin Maxis on Why #XRP better than #BTC! 🚀#XRPTheStandard #CryptoRevolution pic.twitter.com/qzXc9U7IT0 — Brett (@Brett_Crypto_X) October 6, 2024 XRP’s Scalability Over Bitcoin Hamilton highlighted a critical advantage of XRP over Bitcoin which is scalability. He pointed out that Bitcoin has a low throughput, which limits its potential for mass adoption. According to Hamilton, the Bitcoin network can only handle between seven and ten transactions per second, which is not ideal for large-scale cross-border transactions. Hamilton pointed out that if Bitcoin was the only form of digital currency that people could use for transactions, an individual could only transact twice in their lifetime. While Bitcoin has added solutions such as Layer-2 networks to enhance the network’s scalability, Hamilton argued that the solutions may be a threat to Bitcoin’s decentralization. On the other hand, XRP’s ledger (XRPL) was created to handle a large number of transactions. A major achievement was the increase in the XRPL’s throughput from 1,500 TPS to 3,400 TPS last year, demonstrating its potential for much higher transaction volumes. According to Hamilton, this difference makes Ripple a better fit for financial systems that need a lot of expansion. XRP’s Lower Transaction Costs Another point that Hamilton made was the fact that the cost of transactions between XRP and Bitcoin is different. The fees charged…

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Filed under: News - @ October 11, 2024 7:19 pm