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  5. Ripple vs Swift

Ripple vs Swift

OverviewComparisonAlternatives

Overview

Swift
Swift
Stacks21.9K
Followers13.6K
Votes1.3K
Ripple
Ripple
Stacks30
Followers39
Votes0

Ripple vs Swift: What are the differences?

Introduction

1. Consensus Algorithm: Ripple uses a consensus algorithm called the Ripple Protocol Consensus Algorithm (RPCA), whereas SWIFT relies on a centralized messaging system where transactions are not verified through a consensus algorithm. Ripple's RPCA allows for faster and more secure transactions without the need for mining.

2. Speed of Transactions: Ripple has a significantly faster transaction speed compared to SWIFT. Ripple's transactions are processed and settled within seconds, while SWIFT transactions can take several days to be completed due to the need for intermediary banks and multiple steps in the process.

3. Cost of Transactions: Ripple transactions are generally cheaper compared to SWIFT transactions. SWIFT transactions involve multiple intermediary banks that charge fees, leading to higher transaction costs. Ripple eliminates the need for intermediaries, resulting in lower fees for users.

4. Decentralization: Ripple is more decentralized compared to SWIFT, which is a centralized system. Ripple's network is based on a distributed ledger technology, providing a more secure and transparent ecosystem for transactions. SWIFT, on the other hand, relies on a centralized messaging system managed by a consortium of banks.

5. Currency Support: Ripple's platform supports various cryptocurrencies and fiat currencies, offering users more flexibility in their transactions. SWIFT primarily deals with fiat currencies, limiting the options available for users.

6. Use of Tokens: Ripple utilizes its native digital asset, XRP, to facilitate transactions on its network, while SWIFT does not have a native digital currency. XRP can be used as a bridge asset for exchanging different currencies quickly and efficiently within the Ripple network.

In Summary, Ripple and SWIFT differ in their consensus algorithms, transaction speed, cost, decentralization, currency support, and the use of digital tokens.

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Detailed Comparison

Swift
Swift
Ripple
Ripple

Writing code is interactive and fun, the syntax is concise yet expressive, and apps run lightning-fast. Swift is ready for your next iOS and OS X project — or for addition into your current app — because Swift code works side-by-side with Objective-C.

It is an open source protocol which is designed to allow fast and cheap transactions.

-
Access; Speed; Certainty; Cost
Statistics
Stacks
21.9K
Stacks
30
Followers
13.6K
Followers
39
Votes
1.3K
Votes
0
Pros & Cons
Pros
  • 259
    Ios
  • 180
    Elegant
  • 126
    Not Objective-C
  • 107
    Backed by apple
  • 93
    Type inference
Cons
  • 6
    Must own a mac
  • 2
    Memory leaks are not uncommon
  • 1
    Is a lot more effort than lua to make simple functions
  • 1
    Very irritatingly picky about things that’s
  • 1
    Complicated process for exporting modules
No community feedback yet
Integrations
Cocoa Touch (iOS)
Cocoa Touch (iOS)
Golang
Golang
C++
C++
Python
Python
Rust
Rust
Wagyu
Wagyu
Blockchain
Blockchain

What are some alternatives to Swift, Ripple?

JavaScript

JavaScript

JavaScript is most known as the scripting language for Web pages, but used in many non-browser environments as well such as node.js or Apache CouchDB. It is a prototype-based, multi-paradigm scripting language that is dynamic,and supports object-oriented, imperative, and functional programming styles.

Python

Python

Python is a general purpose programming language created by Guido Van Rossum. Python is most praised for its elegant syntax and readable code, if you are just beginning your programming career python suits you best.

PHP

PHP

Fast, flexible and pragmatic, PHP powers everything from your blog to the most popular websites in the world.

Ruby

Ruby

Ruby is a language of careful balance. Its creator, Yukihiro “Matz” Matsumoto, blended parts of his favorite languages (Perl, Smalltalk, Eiffel, Ada, and Lisp) to form a new language that balanced functional programming with imperative programming.

Java

Java

Java is a programming language and computing platform first released by Sun Microsystems in 1995. There are lots of applications and websites that will not work unless you have Java installed, and more are created every day. Java is fast, secure, and reliable. From laptops to datacenters, game consoles to scientific supercomputers, cell phones to the Internet, Java is everywhere!

Golang

Golang

Go is expressive, concise, clean, and efficient. Its concurrency mechanisms make it easy to write programs that get the most out of multicore and networked machines, while its novel type system enables flexible and modular program construction. Go compiles quickly to machine code yet has the convenience of garbage collection and the power of run-time reflection. It's a fast, statically typed, compiled language that feels like a dynamically typed, interpreted language.

HTML5

HTML5

HTML5 is a core technology markup language of the Internet used for structuring and presenting content for the World Wide Web. As of October 2014 this is the final and complete fifth revision of the HTML standard of the World Wide Web Consortium (W3C). The previous version, HTML 4, was standardised in 1997.

C#

C#

C# (pronounced "See Sharp") is a simple, modern, object-oriented, and type-safe programming language. C# has its roots in the C family of languages and will be immediately familiar to C, C++, Java, and JavaScript programmers.

Stripe

Stripe

Stripe makes it easy for developers to accept credit cards on the web.

Scala

Scala

Scala is an acronym for “Scalable Language”. This means that Scala grows with you. You can play with it by typing one-line expressions and observing the results. But you can also rely on it for large mission critical systems, as many companies, including Twitter, LinkedIn, or Intel do. To some, Scala feels like a scripting language. Its syntax is concise and low ceremony; its types get out of the way because the compiler can infer them.

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