Know What You Own
Bitcoin
Ethereum
Bitcoin
- Established 2008
- Satoshi Nakamoto - Developer
- 21 Million Token Cap
- 19,498,000 Circulating Supply
- Proof of Work Consensus
- Use Cases: Store of Value, Payments
- Pros: First mover advantage, limited supply, name brand, decentralized.
- Con: Slow to transact 7 transactions per second (TPS) high transaction costs, from $1.87 to $5 or more. Legacy technology. High electric consumption, 1200 KW for 1 transaction.
- Know What you Own: Understanding Cryptocurrency
XRP
Ethereum
Bitcoin
- Established 2012
- Jeb McCaleb, Arthur Britto, David Schwartz - Developers
- 100 Billion Token Cap
- 53,245,240,000 Circulating Supply
- Federated Consensus Mechanism
- Use Cases: international cross -border payments, real time payments, global remittance network. SWIFT competitor.
- Pros: High TPS, 1500 per second or more, very low transaction fees, 0.00002 XRP. Decentralized nodes globally. Green: XRP (0.0079 kWh) per transaction
- Cons: XXX
- Know What you Own: Understanding Cryptocurrency
Ethereum
Ethereum
Ethereum
- Established 2015
- Vitalik Buterin: - Developer plus others
- 120,233,868 Token Cap
- 120,233,868 Circulating Supply
- Proof of Stake Consensus
- Use Cases: Token foundry, many tokens are built on Ethereum, called ERC-20 tokens, Smart Contracts.
- Pros: Adopted by many developers, ability to swap to other ERC -20 tokens.
- Cons: Gas fees vary by network volume, from .20 cents to several dollars, TPS varies, 27 per second per Google. .03 KW per.
- Know What you Own: Understanding Cryptocurrency