MN504 Assignment: Bitcoin and Ripple Cryptocurrency Analysis

This report provides a comprehensive analysis of Bitcoin and Ripple, two prominent cryptocurrencies. It begins with an introduction to cryptocurrency, followed by a discussion of Bitcoin's applications, including its use as a platform and a system of record. The report then explores Ripple, detailing its architecture and features, while also addressing its challenges. A key section compares Bitcoin and Ripple, highlighting their similarities and differences, particularly in terms of their initial goals, transaction processes, and underlying technologies. The report concludes by summarizing the key findings, emphasizing the distinct approaches and applications of Bitcoin and Ripple within the broader context of networked application management and the cryptocurrency market. The report is based on the student's assignment for the Networked Application Management module (MN504) and the related assignment brief.