Reply To: Ripple Rips 31%

#196655
Colton

    I ain’t an expert on it but XRP runs on the XRP Ledger (a type of blockchain using a unique consensus system (RPCA)). Ripple Labs plays a big role in its ecosystem. It’s all about fast, cheap cross-border payments and is mostly aimed at banks and financial institutions as a way to settle transactions quickly.

    HBAR uses Hashgraph – a super-fast and scalable tech that’s not a blockchain but a DAG-based system. It’s run by a council of big-name companies like Google and IBM. HBAR is built for a wide range of enterprise applications, like supply chain tracking, identity verification, and tokenization.

    Bascially, XRP is focused on the financial world, while HBAR is designed for broader business use cases. HBAR is arguably more scalable, and has a more decentralized governance setup.

    It’s obviously not as well known and very early days so who knows how the company will fare. Competition is rife in this space as I’m sure you know.