Ripple Transaction Speeds Crushing Bitcoin and Ethereum

As Bitcoin struggles with unconfirmed transactions and Ethereum remains clogged with digital cats, new leaders in fast and reliable cryptocurrency transfers are emerging.

For now, Ripple is at the top of the list. This development has been noted on a few news outlets and on Reddit for months, but it has been little noticed until the recent struggles of Bitcoin and Ethereum.

Ripple transfers complete in a matter of seconds, while transactions through the Bitcoin and Ethereum blockchains can take hours upon hours to complete.

Amid that frustration, the number of daily transactions on the Ripple network have surged from 160,000 to more than 1,000,000 in the last six weeks.

Transaction times are a main focal point for Ripple, which aims to take over the banking sector and replace traditional financial payment solutions like SWIFT.

This is a point of contention for many enthusiasts in the cryptocurrency space, who want digital currencies to replace banks altogether.

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.