We are hearing more and more these days about ICOs – Initial Coin Offerings. Bitcoin, the most famous cryptocurrency, is certainly getting lots of attention. But, is this the new way to raise money for startup companies? ICOs in a Nutshell Let’s start by describing what an ICO is. The Read more…
A cryptocurrency is a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional units, and to verify the transfer of assets. Cryptocurrencies use decentralized control (as opposed to centralized electronic money and central banking systems). The decentralized control of each cryptocurrency works through a blockchain, which serves as a public transaction database, functioning as a distributed ledger.
Bitcoin, created in 2009, was the first decentralized cryptocurrency.