Be­yond Bit­coin

Five more cryp­tocur­ren­cies caus­ing a stir

Cosmopolitan Middle East - - YOU!YOU!YOU! / CHA CHING -

RIP­PLE

Join­ing the ranks of Grey Goose, Rolex and pri­vate jets, Rip­ple is a celebrity favourite, hav­ing been name-dropped by Madonna, Ash­ton Kutcher and Snoop Dogg. Its aim was to be­come the main­stream crypto, but it fell in value with the rest of them ear­lier this year.

ETHEREUM

Started by Vi­ta­lik Bu­terin, yet an­other baby­faced com­puter ge­nius, it’s the sec­ond largest cryp­tocur­rency, be­hind Bit­coin. At the time of go­ing to press, its value was far­ing bet­ter than its ri­vals.

LITE­COIN

Cre­ated by exGoogle em­ployee Char­lie Lee (who has since sold pretty much all of his coins), it’s meant to be an ev­ery­day crypto with faster trans­ac­tion times that make it eas­ier to spend.

MON­ERO

Mon­ero’s sell­ing point is that it is anony­mous, mean­ing your trans­ac­tions can’t be traced. Ahem.

STEEM

A crypto for in­flu­encers. It had to hap­pen, right? Steemit is a blog­ging and so­cial-me­dia plat­form that pays con­trib­u­tors in dig­i­tal to­kens – which can then be spent on other things on the site.

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