Unlike most blockchain technology that’s secured by a decentralized network of miners, Ripple is secured by a network of validating servers with an internal ledger that guarantee transactions based on consensus.
Created in April 2014, Monero (XMR) is a cryptocurrency with a focus on privacy and untraceability. Monero uses ring signatures, stealth addresses, and ring confidential transactions to hide the transaction’s sender, receiver, and amount.
The summer of 2017 has seen an explosion in new cryptocurrencies, with dozens of startups using digital currency as a fundraising mechanism. According to Bloomberg, initial coin offerings (ICOs) have raised over $1.6 billion in the past year.
ICOs are similar to crowdfunding in that they use digital networks to aggregate financial support from multiple funders. But ICOs have several features that do not apply to traditional crowdfunding platforms.