Nice article exploring how different cross-border currencies stack up against each other in several aspects, including #nano $XN
14 Sep 2023, 09:17
Nice article exploring how different cross-border currencies stack up against each other in several aspects, including #nano $XNO!
Let's take a look at how $XNO and $XRP compare.
According to the author:
Tx time:
$XRP - 2-5s,
$XNO - less than a second
Tx cost:
$XRP - low (0.0001 XRP),
$XNO - none (0)!
Scalability:
$XRP - could scale to 50,000 TPS+,
$XNO - could scale to theoretically millions TPS
Adoption:
$XRP - "...over 300 entities in RippleNet leveraging XRP for liquidity"
$XNO - "lacks the big name partnerships of Ripple. But it aims for grassroots adoption in developing nations and P2P payments."
We definitely have a different approach (and funding!) to marketing & adoption as with #nano we are focusing on a grassroots movement!
Decentralisation:
$XRP - "Ripple owns over 50% of XRP supply and plays an outsized role in governance. Not as decentralized as some other cryptos."
$XNO - "No single entity controls Nano. The feeless network is governed transparently by all users and validators. Highly decentralized."
The author concludes that $XRP beats nano as more advanced cross-border payment system right now in terms of speed, cost, scalability, and adoption.
What are your thoughts?🤔
Share below👇