Litecoin and Ripple both are trending and famous cryptocurrencies. The flow of digital currencies is most popular all over the world. Nowadays each and every person wants to buy digital currencies and carry the digital wallet. As we all know the first cryptocurrency was developed by the famous and most talented programmer of Japan. The name of the first cryptocurrency is Bitcoin.
After the success of Bitcoin, other cryptocurrencies are developed for different purposes. The Ripple was developed in 2012 and the main purpose of developing this cryptocurrency is to provide the ease payment in the bank or financial bank and the big & huge corporation.
Litecoin was developed in 2011 and the main aim of establishing this cryptocurrency is to make a peer-to-peer connection with everyday transactions. It is open-source software.
Both cryptocurrencies are leading in the market. Both are similar to each other because of their security, easy and cheap cost. The different types of cryptocurrencies are available in the market. The competition between the cryptocurrencies is increasing day by day. Because of the competition, new technologies every day new features are updated in cryptocurrencies.
Ripple is invented for making transactions secure. It is mainly used for making the cross-border transaction safe, simple and speedily. After growing the trends of Ripple in the market, it initiated attracting the big financial companies, banks, and more financial institutions. It is mainly used for a single function that is the cross-border transaction.
The Litecoin is popular for the end-to-end transaction. There is no need for a third person or third party for doing the transaction. It is open-source software that is run on Scrypt Algorithm. It is used for daily transactions. The Litecoin is more advanced as compared to the Ripple. The Litecoin is used for more than one function that is a cross-border transaction and peer-to-peer daily transaction.
According to Google research recently the Ripple is in 3rd position and Litecoin is in the 5th position. But it is quite difficult to find which cryptocurrency is better!!! Both are easy to use and available all over the world. All the information related to Ripple and Litecoin cryptocurrencies is available in the above article. You can choose any cryptocurrency as per your needs.