DigiByte (DGB) vs Ripple (XRP) Comparison: A Comprehensive Analysis
In the vast, complex landscape of cryptocurrencies, two names often stand out: DigiByte (DGB) and Ripple (XRP). Both cryptos have established their footing in the market by offering unique and compelling advantages. This article delves into a comprehensive comparison between the two, examining their technical specifications, transaction speeds, use cases, and market performance.
User rating
Cryptogeek rating
About
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DigiByte (DGB) is an open-source cryptocurrency launched in 2014. As of now, the coin is close to the bottom of the top 50 cryptocurrencies by market cap. DigiByte relies on the Proof-of-Work consensus mechanism hence it can be mined. The currency is deflationary and built using the Bitcoin code but unlike Bitcoin, its total supply is limited to 21 billion DGB. Another priority of DigiByte currency is the speed of transactions. Currently, the network is capable of performing over one thousand transactions per second.
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Ripple is a global payment protocol aimed to provide fast transactions and cheap payments internationally. The network uses a digital currency known as XRP (sometimes it's referred to as Ripple). Unlike other cryptocurrencies Ripple is not aimed to replace banks, rather this project is created to improve the work of banks (including transactions between different banks) via blockchain solutions.
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Type
Founding Date
Country
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International
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International
|
Languages
Team
Protocol
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Public blockchain
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Public blockchain
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Current price (USD)
All-time high (USD)
Price change (24h)
Volume (24h)
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2499512.32015
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516884877.71850
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Hashrate
Max Supply
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21000000000.00000
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99999999999.99999
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Total supply
Circulating Supply
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17682559736.81500
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99986154627.00000
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Transaction speed / Block time
Transaction fee
Mining profitability
Algorithm
Proof type
Fully premined
Smart contract address
Total coins mined
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13345653625.81080
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No data
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Is trading
Block reward
Block time
| Company |
|
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| User rating |
User rating
4.8 / 5
5 user reviews
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User rating
5 / 5
4 user reviews
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| Cryptogeek rating |
Cryptogeek rating
4.2 / 5
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Cryptogeek rating
5 / 5
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| Trust Score
How it works
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Trust Score
4.62 / 5
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Trust Score
4.7 / 5
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| About |
DigiByte (DGB) is an open-source cryptocurrency launched in 2014. As of now, the coin is close to the bottom of the top 50 cryptocurrencies by market cap. DigiByte relies on the Proof-of-Work consensus mechanism hence it can be mined. The currency is deflationary and built using the Bitcoin code but unlike Bitcoin, its total supply is limited to 21 billion DGB. Another priority of DigiByte currency is the speed of transactions. Currently, the network is capable of performing over one thousand transactions per second.
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Ripple is a global payment protocol aimed to provide fast transactions and cheap payments internationally. The network uses a digital currency known as XRP (sometimes it's referred to as Ripple). Unlike other cryptocurrencies Ripple is not aimed to replace banks, rather this project is created to improve the work of banks (including transactions between different banks) via blockchain solutions.
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| Type |
Type
coin
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Type
coin
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| Founding Date |
Founding Date
2014
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Founding Date
2012
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| Country |
Country
International
|
Country
International
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| Languages |
Languages
No data
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Languages
No data
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| Team |
Team
Public
|
Team
Public
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| Protocol |
Protocol
Public blockchain
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Protocol
Public blockchain
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| Current price (USD) |
Current price (USD)
0.0099
|
Current price (USD)
2.3407
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| All-time high (USD) |
All-time high (USD)
0.1429
|
All-time high (USD)
3.8400
|
| Price change (24h) |
Price change (24h)
1.28
|
Price change (24h)
1.01
|
| Volume (24h) |
Volume (24h)
2499512.32015
|
Volume (24h)
516884877.71850
|
| Hashrate |
Hashrate
174880000
|
Hashrate
No data
|
| Max Supply |
Max Supply
21000000000.00000
|
Max Supply
99999999999.99999
|
| Total supply |
Total supply
No data
|
Total supply
No data
|
| Circulating Supply |
Circulating Supply
17682559736.81500
|
Circulating Supply
99986154627.00000
|
| Transaction speed / Block time |
Transaction speed / Block time
560
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Transaction speed / Block time
1500
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| Transaction fee |
Transaction fee
No data
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Transaction fee
No data
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| Mining profitability |
Mining profitability
high
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Mining profitability
low
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| Algorithm |
Algorithm
Multiple
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Algorithm
No data
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| Proof type |
Proof type
PoW
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Proof type
No data
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| Fully premined |
Fully premined
No data
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Fully premined
No data
|
| Smart contract address |
Smart contract address
No data
|
Smart contract address
No data
|
| Total coins mined |
Total coins mined
13345653625.81080
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Total coins mined
No data
|
| Is trading |
Is trading
yes
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Is trading
No data
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| Block reward |
Block reward
650.865597094528
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Block reward
No data
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| Block time |
Block time
75
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Block time
No data
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Social
Website
Twitter
Advantages
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High speed
Strong community
Many algorithms for mining available
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Affordable
Solves problems and creates opportunities
Moving into CBDCs
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Disadvantages
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Relatively low market performance
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Not decentralized
Uses a pre-mining protocol
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Rating
| User rating |
User rating
4.8 / 5
5 user reviews
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User rating
5 / 5
4 user reviews
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| Cryptogeek rating |
Cryptogeek rating
4.2 / 5
|
Cryptogeek rating
5 / 5
|
| Advantages |
Advantages
High speed
Strong community
Many algorithms for mining available
|
Advantages
Affordable
Solves problems and creates opportunities
Moving into CBDCs
|
| Disadvantages |
Disadvantages
Relatively low market performance
|
Disadvantages
Not decentralized
Uses a pre-mining protocol
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DigiByte (DGB) user rating is 4.8, based on 5 user reviews. Ripple (XRP) user rating is 5, based on 4 user reviews.
We also calculate the special Cryptogeek TrustScore based on the characteristics of each coin.
Choose other companies
Through dissecting both DigiByte (DGB) and Ripple (XRP) from several perspectives, it becomes evident that the two offer distinctive solutions for different demands and issues. While there is always room for both in the diverse realm of digital currencies, it pays tremendously for potential investors or users to understand the nuances of each. As the crypto-landscape continues to evolve, so will DGB and XRP, remaining fluid and adaptable in response to market trends and technological advancements.
In the vast, complex landscape of cryptocurrencies, two names often stand out: DigiByte (DGB) and Ripple (XRP). Both cryptos have established their footing in the market by offering unique and compelling advantages. This article delves into a comprehensive comparison between the two, examining their technical specifications, transaction speeds, use cases, and market performance.
