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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.
Pros of Ripple
Pros of Swift
- Ios259
- Elegant180
- Not Objective-C126
- Backed by apple107
- Type inference93
- Generics61
- Playgrounds54
- Semicolon free49
- OSX38
- Tuples offer compound variables36
- Clean Syntax24
- Easy to learn24
- Open Source22
- Beautiful Code21
- Functional20
- Dynamic12
- Linux12
- Protocol-oriented programming11
- Promotes safe, readable code10
- No S-l-o-w JVM9
- Explicit optionals8
- Storyboard designer7
- Optionals6
- Type safety6
- Super addicting language, great people, open, elegant5
- Best UI concept5
- Its friendly4
- Highly Readable codes4
- Fail-safe4
- Powerful4
- Faster and looks better4
- Swift is faster than Objective-C4
- Feels like a better C++4
- Easy to learn and work3
- Much more fun3
- Protocol extensions3
- Native3
- Its fun and damn fast3
- Strong Type safety3
- Easy to Maintain3
- Protocol as type2
- All Cons C# and Java Swift Already has2
- Esay2
- MacOS2
- Type Safe2
- Protocol oriented programming2
- Can interface with C easily1
- Actually don't have to own a mac1
- Free from Memory Leak1
- Swift is easier to understand for non-iOS developers.1
- Numbers with underbar1
- Optional chain1
- Great for Multi-Threaded Programming1
- Runs Python 8 times faster1
- Objec1
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Cons of Ripple
Cons of Swift
- Must own a mac6
- Memory leaks are not uncommon2
- Very irritatingly picky about things that’s1
- Complicated process for exporting modules1
- Its classes compile to roughly 300 lines of assembly1
- Is a lot more effort than lua to make simple functions1
- Overly complex options makes it easy to create bad code0
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What is Ripple?
What is Swift?
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