The Rise Of Crypto's Billion Dollar Zombies

With bitcoin soaring once again, blockchains are suddenly much more valuable. More than 50 of them are now worth over $1 billion—despite many having few users. By Steven Ehrlich, Maria Gracia Santillana Linares and Nina Bambysheva, Forbes Staff In 2012 when Blockchain pioneers Jed McCaleb, Arthur Britto and David Schwartz created Ripple Labs and its new cryptocurrency, known as XRP, they envisioned a new global financial standard that would enable banks to transfer money rapidly with minimal fees. During its …