Steem , which was founded on the Ethereum blockchain, is now seeking to expand to other cryptocurrencies. The latest addition, called Ripple , is a cross- currency exchange for virtual currencies , which makes it a natural fit for the blockchain . Blockchain technology also enables peer -to-peer transactions, meaning that users no longer need to rely on banks or trusted third parties to process payments. Ripple allows users to instantly send and receive dollars and other digital currencies from See full review

Ethereum Classic (ETC), a competing cryptocurrency, has surged nearly 3,000 percent since the beginning of this week. The price of Bitcoin has also seen a steady rise, with the value of the digital currency hitting a record high of $17,300 earlier this week. Ethereum Classic, which is backed by the Ethereum blockchain, is the first cryptocurrency to have its own blockchain and has already made a name for itself by being the first cryptocurrency to surpass the $100 million market cap. While some See full review