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Bitcoin Vs. Ripple: What's The Difference?

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Bitcoin vs. Ripple: An Overview . From the outside, the cryptocurrency investing universe seems limited to bitcoin. As the most well-known cryptocurrency, bitcoin is the leader in market

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What Is The Difference Between Bitcoin And Ripple

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Ripple v Bitcoin. While Bitcoin is a digital currency intended as a means of payment for goods and services, Ripple is a payment settling, currency exchange and remittance system intended for banks and payment networks. The idea is to provide a system for direct transfer of assets (e.g. money, gold, etc.) that settles in almost real-time, and

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Ripple Vs Bitcoin: A Complete Comparison XRP Vs Bitcoin

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Ripple vs. Bitcoin: Transaction Speed. Another important difference between Bitcoin and Ripple is transaction speed. Bitcoin transactions take about 10 minutes on average, while Ripple’s take just a few seconds. Again, relative to Bitcoin, Ripple is the winner.

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What Is The Difference Between Bitcoin And XRP? Luno

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Another major difference is that, unlike Bitcoin, XRP is not designed to be mined at all. With Bitcoin, miners get rewarded in the form of newly created Bitcoin. With XRP, a total of 100 billion XRP tokens were pre-mined, of which 38 billion were made available to the public market. The remaining amount of XRP tokens are held by Ripple labs and

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Ripple And Bitcoin Comparison: 5 Key Differences

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The key difference between Bitcoin and Ripple is their initial purpose. At the beginning of cryptocurrency era, Bitcoin was intended to serve as the very first peer-to-peer cryptocurrency protocol. On the other hand, Ripple was created to be a payment system, remittance network, and currency exchange.

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Comparing Ripple Vs. Bitcoin The Balance

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What Is Ripple (XRP)? XRP is a currency that's now mostly used by Ripple to make payments between banks in different government-issued currencies. In 2011, three engineers named David Schwartz, Jed McCaleb, and Arthur Britto set out to create an alternative to Bitcoin. They wanted it to require less energy (in the form of computing power) to

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What Is The Difference Between Bitcoin And Ripple? The

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However, for those looking to broaden their investment horizons and try out new coins, there are a number of other options available. One of these is Ripple's

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The Differences Between XRP And Bitcoin – Bitkub.com

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The Differences Between XRP and Bitcoin. 1. A difference between Ripple and Bitcoin is their functionality. Bitcoin was established as a decentralized digital currency on public blockchain technology. Whereas, Ripple was initially established to serve as a payment platform, remittance network, and currency exchange.

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Ripple (XRP) Vs Bitcoin: What's The Difference? Finding

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It’s the Difference Between an Economy and a Company. The main difference between bitcoin and Ripple (XRP) is the difference between a huge, decentralized economy of mining. Versus a company that issues coins at a predetermined rate and is processed by pre-approved stakeholders.

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Blockchain Ripple: What’s The Difference Between “block

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Ripple. Ripple follows a ledger mechanism. By this we mean that unlike bitcoin blockchain which stores only the transactions, Ripple store account info such as the balances. So the ledger is a point in time snapshot of all the balances held by all the addresses. Each ledger has a version which is progressed by 1 as the ledger gets updated.

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What's The Difference Between Bitcoin And Ripple? Crypto

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What’s the Difference Between Bitcoin and Ripple? Bitcoin, Crypto Market, Cryptocurrency No comments. An Overview of Bitcoin vs. Ripple. The cryptocurrency investing world appears to limit bitcoin from the outside. Bitcoin, as the most well-known cryptocurrency, is the market leader in terms of market capitalization and investor interest.

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Bitcoin, Ethereum, And Ripple: The Differences

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Bitcoin, Ethereum, and Ripple: The Differences. There are some distinct differences between the top three cryptocurrencies, in the underlying blockchain technology and algorithms, as well as the

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Difference Between Bitcoin And Ripple Bitcoin Vs Ripple

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Difference between Bitcoin and Ripple. Tweet. Key Difference: Bitcoin was the first successfully peer-to-peer implemented cryptocurrency protocol. Ripple was originally a payment system, currency exchange and remittance network. Eventually, it built up its network to …

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Ripple Vs. Bitcoin: What's The Difference Robots.net

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The key difference between Bitcoin and Ripple is the ideology and method they use to validate transactions. While Bitcoin is decentralized and uses Proof of Work, Ripple employs a consensus protocol to validate account balances and transactions stored on a common ledger called the XRP Ledger. Some call this a proof of social network, where

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What Is The Difference Between Ripple And Bitcoin

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If Bitcoin is the digital currency intended for payment of services and goods, Ripple is the currency exchange for payment networks and banks. Ripple was created as a system for the direct transfer of assets to settle payments in real-time quickly, cost-effectively, and more securely than the transfer systems between banks.

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What Is The Difference Between Bitcoin And Ripple?

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I often get asked about the difference between Bitcoin (still the best known cryptocurrency based on blockchain) and Ripple. Ripple v Bitcoin. While Bitcoin is a …

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Ripple Vs Litecoin Top 5 Differences You Must Know (with

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Difference Between Ripple and Litecoin. Both the Ripple and the Litecoin are the cryptocurrency where ripple was established in the year 2012 for-profit organization with the main motive of facilitating the payments in the financial institutions and large corporation whereas Litecoin was established in the year 2011 with the main motive of facilitating peer-to-peer along with the daily

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Bitcoin Vs Ripple: Biggest Differences Between BTC And XRP

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Bitcoin vs Ripple. Bitcoin was created to be a form of peer-to-peer electronic cash which was created in 2009, making it the world’s first digital currency to be secured by cryptography, and which did not have any central authority to govern it.. Bitcoin holders are able to send and receive the coins among each other, with all transactions being stored in a public ledger called the blockchain.

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Ripple Vs Bitcoin Difference Between XRP Vs BTC Kraken

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The difference between Ripple and Bitcoin. DATE FOUNDED. CREATOR. TICKER. VISION. LAUNCH & ISSUANCE. NETWORK DESIGN. MONETARY POLICY. Ripple. XRP was created to complement traditional payments by migrating transactions that occur today within financial institutions to a more open infrastructure.

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Difference Between Ripple And Bitcoin White Board Review

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The basic and foremost difference lies in the technology employed by the two. Bitcoin taps the blockchain technology that is a shared public ledger, whereas Ripple relies on a consensus ledger. The transactions in Bitcoin are validated by mining concepts and by validators or validating servers in the case of Ripple. 2.

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Bitcoin Vs XRP: Key Difference Between Bitcoin And Ripple

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Both Bitcoin (BTC) and Ripple’s XRP are cryptocurrencies or digital currencies. The significant differences between these tokens lie in their functionalities, the underlying blockchain technologies, algorithms, prices, and the time taken to complete transactions.

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What Is The Difference Between Bitcoin And XRP

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Bitcoin is used in the capacity of money.The Ripple network is a totally decentralized currencyexchange, while Bitcoin entails centralized ones. It meansthat users are intended to exchange XRP for USD; it'spossible to do that within Ripple network without anyintermediaries or third parties.

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What Is The Difference Between Bitcoin And Ripple?

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Ripple was launched in 2012 under the guidance of Arthur Britto, David Schwartz, Ryan Fugger. Both Bitcoin and Ripple stand tall as the strongest cryptocurrencies of present times. Where Bitcoin is the leading coin in terms of market capitalization, XRP is the third-largest in the same parameter. So, if you are inquisitive to know what actually

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Ripple (XRP) Vs Bitcoin – What Is The Difference? Freewallet

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Bitcoin Features: Bitcoin is focused on operations between private person. Bitcoin supply is limited to 21 million coins. Having a limit protects the Bitcoin network from inflationary processes and the risk of depreciation. One block is formed in 10 minutes, and the reward is 12.5 coins.

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What Is The Difference Between Bitcoin, Ethereum And Ripple

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Ethereum dilvers a transaction speed in two minutes. Ripple settles transactions in 5 seconds. As indicated in the table above, all three currencies have a different purpose of bringing value to the market. Bitcoin wants to replace fiat money and remove the middleman with a peer-to-peer system.

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What Is The Difference Between Ripple Xrp & Other

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It has risen to become the third most valuable cryptocurrency in the world, behind bitcoin (BTC-USD) and Ethereum (ETH-USD). XRP today has a market cap of $20bn (£14.9bn) and Ripple itself was valued at $10bn in its last funding round in 2019.

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Understanding The Difference Between Bitcoin And Ripple

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What Is The Difference Between Bitcoin And Ripple? Both Have Different Methods To Validate Transactions. Rather than opting blockchain mining mechanism, Ripple network operates on a special distributed consensus method to authenticate transactions, where participating nodes verify the authenticity of transactions y conducting polls.

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Ripple Vs Bitcoin: Which Crypto Should You Buy In 2021

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Ripple Vs Bitcoin - Key Differences Bitcoin vs Ripple: Price History. The only concrete information we have with regards to analysing price movement is a token’s history - anything else is simply conjecture. Before making an investment, consideration should be given to each token’s previous price movement. BTC.

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How Is Ripple Different From Bitcoin? Quora

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Answer (1 of 16): (Disclaimer: I own Bitcoin. I have worked for Ripple. Once Ripple gets going, I'm sure unbiased users/experts will want to jump in and answer this question.) This is not a full answer, as there are many differences and similarities between Bitcoin and Ripple, but hopefully thi

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What's The Difference Between Bitcoin, Ripple And Ethereum?

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Ripple enables transactions to take place much faster and at a lower cost than both the traditional wire transfer used by financial institutions and the Bitcoin blockchain. That makes it more efficient and cost-effective for a business that is based on one set of currency, say the American dollar, to pay another one that uses another like the Euro.

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Ripple Vs Bitcoin: Which Is The Best Option For Investment

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The main difference between Ripple and Bitcoin is their coin cap. Ripple's main investors have released 1 billion XRP tokens gradually into the market. The Bitcoin network has an artificial scarcity and will only be capped at 21 million BTCs, which is what makes it such a valuable store of value for so many people.

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What Are The Differences Between A Digital Currency And A

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Ripple. Ethereum. Mining. ripple. What Are The Differences Between A Digital Currency And A Oct 26, 21. What Are The Differences Between A Digital Currency And A Things To Know Before You Get This. Published Oct 26, 21. Bitcoin continues to lead the pack of cryptocurrencies in terms of market capitalization, user base, as well as

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The Difference Between Bitcoin, Ethereum, And Ripple

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There are some evident dissimilarities between Bitcoin, Ethereum, and Ripple, be it concerning the blockchain technology and consensus algorithms used by the protocols, the distinction between the price of Ripple, that of Ethereum’s, and Bitcoin value, the workings of the coins, or any other functional differences. Before we get into these

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Ethereum VS. Ripple: Which One Should Be In Your Portfolio

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Ripple differs from its top competitors (Tether, Ethereum, and Bitcoin) because it was designed for a different purpose. Remember that Ripple is primarily aimed at big banks, with customers including the Bank of America and JP Morgan.

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The Difference Between Bitcoin, Ethereum, Ripple & Litecoin

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4 thoughts on “ The Difference Between Bitcoin, Ethereum, Ripple & Litecoin ” Pingback: The Difference Between Bitcoin, Ethereum, Ripple & Litecoin Blockchain Wiki. Pingback: The Yin and Yang of Bitcoin. Pingback: What Mark Carney Really Thinks About Cryptocurrencies such as Bitcoin

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What Is The Difference Between Ripple And Stellar

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Ripple uses probabilistic voting Those are fairly different even though they both tackle the same problem of reaching consensus between nodes. SCP biases towards correctness at the expense of liveness; Ripple follows a model similar to Bitcoin allowing ledger forks to occur temporarily and relying on majority validation.

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XLM Vs. XRP (Stellar Vs. Ripple): The 2021 Full Comparison

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Ripple and XRP were founded as a collaboration between McCaleb and software developer Ryan Fugger. Their vision was to create a crypto network that wouldn’t be dependent on the energy-intensive mining process like that of Bitcoin. However, disagreement between McCaleb and the rest of the Ripple team led to McCaleb departing.

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The Difference Between Ripple And Other Cryptocurrencies

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Ripple is one of the top 10 cryptocurrencies ever, and it still has the capacity to do more. Ripple’s price is such that it remains pocket-friendly even though it has some various applications, better than Bitcoin. With the growth in the ripple network, its price is expected to go as high as $5 by 2025, putting it …

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What Is The Difference Between Stellar And Ripple

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Ripple makes use of the proof-of-correctness algorithm whereas Stellar employs the consensus protocol. Ripple is also more centralized than the Stellar blockchain. XRP is Ripple’s native token, which is essentially inflationary. So, XRP can have increased circulation. On the other hand, Lumen (XLM) is the native token of the Stellar ecosystem.

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What Is The Difference Between Altcoin And Bitcoin? E

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Many traders, however, like the volatility as it has the potential to result in higher profits. The biggest and most popular Bitcoin is Ethereum, which has a similar infrastructure network as Bitcoin. But other popular coins include Ripple and Dash. The first one aimed at facilitating transactions between large corporations and institutions.

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Ripple Vs Ethereum: Advantages & Disadvantages (2021 Update)

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In 2013, Ripple linked with bitcoin, and the Bitcoin Bridge was born. What this innovation helped Ripple do is that all Ripple users were able to pay in any type of currency to a bitcoin address. So, essentially, Ripple allowed a bridge for any type of currency to be exchanged for bitcoin. Chris Larsen is the current CEO of Ripple Labs Corporation.

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What Is XRP? (Ripple) Kraken

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The XRP Ledger was not a fork of the Bitcoin (BTC) blockchain, meaning it did not use its code. However, it did draw on a number of aspects of Bitcoin’s design. Like Bitcoin, the XRP Ledger allows users to send and receive cryptocurrency using public- and private-key cryptography. Transfers between addresses require digital signatures.

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The Big Difference Between Bitcoin And Ethereum, According

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Comparisons between ethereum and bitcoin performance show a stark difference. According to data from YCharts, BTC has grown 392.9% over the past year. ETH, however, has grown 822.7% in the same time period. Going further back shows the same outperformance from ethereum, backing up predictions that it is set to outgrow bitcoin.

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What's The Difference Between Bitcoin, Ripple And Ethereum

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At first, there was Bitcoin, then got here Ripple, after which Ethereum.Alongside the best way, many others got here and went as cryptocurrency and blockchain protocols moved from the perimeter to the mainstream, however these are nonetheless arguably the highest three.. Cryptocurrency shares the elemental definition of all types of cash: it’s a medium of change, a measure of worth, and …

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Frequently Asked Questions

What is ripple xpr and how it works?

XPR is often called "real cryptocurrency"; it is a token that uses the Ripple network to allow money transfers between different currencies. Most clearing systems nowadays use the US dollar as the base currency for conversion. This results in conversion fees and takes time, so bank transfers abroad can take three business days or more.

Who created ripple xrp cryptocurrency?

XRP and its ledger were launched in 2013 by current Ripple executive chairman Chris Larsen, as well as Jed McCaleb and Arthur Britto, who later split from the project. The digital asset was initially created under a corporation known as "Newcoin" in 2012.

What is xrp crypto currency?

XRP is payment protocol and cryptocurrency that is "fine-tuned for transactions," according to Marcus Treacher, Ripple's Global Head of Strategic Accounts. An early version of XRP dates back to 2004 when it was first created by web developer Ryan Fugger. The protocol in its current cryptocurrency form really began in 2012.

How is ripple different from bitcoin and xrp?

Bitcoin was intended to serve as the very first peer-to-peer cryptocurrency protocol and now it is evolving more to be a store of value. On the other hand, Ripple is a payment system, remittance network, and currency exchange. The key differences are: BTC is created by miners. XRP is all premined.

How big is ripple compared to other cryptocurrencies?

Ripple’s market capitalization is around $21.5 billion right now, which places it among the top ten cryptocurrencies in market cap. So, What Are the Differences Between Bitcoin, Ethereum, and Ripple? Now that we have gone through the basic features of all three cryptocurrencies, here are the most basic differences between the three:

Whats the difference between bitcoin ripple and ethereum?

In the beginning, there was Bitcoin, then came Ripple, and then Ethereum. Along the way, many others came and went as cryptocurrency and blockchain protocols moved from the fringe to the mainstream, but these are still arguably the top three.

Which is more energy efficient bitcoin or ripple?

While the bitcoin network is accused of being energy-hungry due to its mining system, the Ripple system consumes negligible power owing to its mining-free mechanism. While bitcoin transaction confirmations may take many minutes and may be associated with high transaction costs, XRP transactions are confirmed within seconds at very low costs.

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