The success of Ethereum vs. Ripple comes down to which half of the equation you value more: do you care about having your transactions processed quickly without compromising security? Or do you want those transactions to be immutable and not subject to revision? This article focuses primarily on comparing these two blockchains by explaining how they work technically.
Ethereum is a blockchain-based computing platform, including Turing-complete smart contracts. Ethereum allows users to execute smart contracts on the blockchain.
The Ripple network is built upon a distributed open-source Internet protocol, consensus ledger and native currency called XRP (ripples).
Ethereum vs Ripple
Ethereum is built on blockchain technology, while Ripple is built on a distributed open-source internet protocol. They are both decentralized platforms that offer peer to peer transactions, but Ethereum does it in a public blockchain while Ripple does it in a private network of trusted nodes.
Ripple is designed to be used as a settlement system for banks and financial institutions. It has even created its currency called XRP, which you can trade with other cryptocurrencies through Plus500. Thorium’s primary function serves as a platform for decentralized applications and smart contracts.
There are 15 million Ethereum in circulation out of the total supply of 100 million coins. There are 38 billion Ripples currently in existence out of all 100 billion XRP.