ICO and Cryptocurrency News Catching On? A Brief Guide On Where to Start

  • Post comments:0 Comments
  • Reading time:7 mins read

A Brief Guide On Where to Start: a article on the basics of ICO’s and cryptocurrency with links to resources on where to get started.

The cryptocurrency market is booming, with new ICOs and altcoins coming into existence every day. This has led many people to question whether or not they should invest in cryptocurrencies. If you’re among those who are new to the cryptocurrency world, this article is for you.

Here are some basic facts about cryptocurrencies:

-Cryptocurrency is digital money that can be used to make purchases or exchanged for other currencies. It works just like regular currency except it’s not tied to any country or central bank. Instead, it relies on a network of computers across the world called “miners” which verify transactions using complex algorithms. When you buy something with crypto, these miners verify that your transaction was legitimate before sending out funds on your behalf.

-There are many different types of cryptocurrencies available today including Bitcoin (BTC) and Ether (ETH). Some people believe that investing in these coins could be profitable because they tend to rise in value as more people use them for trading purposes. Others argue against investing due to their high volatility during times when there isn’t much trading activity happening on

This article is a beginner’s guide to ICOs and Cryptocurrency.

My goal here is to provide you with the basic information you need to know in regards to ICOs, Crypto, and what all of this hype is about.

If you’re an active reader on Medium and TechCrunch, you have most likely come across articles discussing ICOs and Crypto.

The Wall Street Journal recently wrote an article titled “Ethereum Gives Rise to Dozens of New Cryptocurrencies” stating that more than 30 new currencies have debuted this year alone. CoinDesk reports that almost $1.8 billion has been raised through ICOs, which have doubled in size from 2016 to 2017.

Cryptocurrency has been a hot topic for quite some time now, but as it becomes more prevalent in our daily lives investors are trying to figure out where all of this hype is coming from.

ICO’s and Cryptocurrency are the new kids on the block. Many have heard of Bitcoin, Ethereum and other cryptocurrencies but don’t know much about them. They have been around for a while but are only now starting to trend upward in popularity. There is a lot of misconceptions going around about what exactly cryptocurrency is, how it works and how it can be used. As you read this article I hope to clear up some of those misconceptions and at least give you a basic understanding of what it is and how it works.

What is Cryptocurrency?

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 are a subset of digital currencies, alternative currencies and virtual currencies. Bitcoin became the first decentralized cryptocurrency in 2009. Since then, numerous cryptocurrencies have become available. These are frequently called altcoins, as a blend of alternative coin.- Wikipedia

In English – It is digital money that exists on computers or mobile devices using cryptography (the art or science involving communication security). This means that when you send or receive money it is encrypted before being sent so that only you and who you send it can

So what is an ICO? An ICO (Initial Coin Offering) is a way for new cryptocurrencies to raise funds. Not dissimilar to an IPO, it’s a way of raising initial capital for the development of the project. The interesting thing about ICO’s is that anyone can invest in them, you do not have to be accredited or go through a bank.

This has opened the floodgates on the number of projects coming to market and there are now more than 1000 different cryptocurrencies on the market. However, unlike IPOs or shares, very few (if any) cryptocurrencies offer equity or share ownership in the project. You are usually just investing in the value of their coin and hoping that it will increase in value when listed on an exchange.

Most people buying into ICO’s are speculating that the price will rise and they can sell them at a profit once listed on an exchange. This is not investing however and it’s important to understand that you might lose all your money if you buy into an ICO and the value plummets before you can offload them.

So how do I get started?

The ICO or Initial Coin Offering is an event that’s designed to offer investors a chance to get in on the ground floor of a new cryptocurrency or crypto-token. The most notable difference between an ICO and an IPO is that in the case of an ICO, the investor receives no equity stake in the company.

The term “ICO” is not to be confused with the term “IPO.” An IPO (Initial Public Offering) refers to the process that a company goes through when it decides to issue shares of itself to investors, and list those shares on a stock exchange. It’s important that you don’t confuse the two, because very few ICOs have anything to do with equities or stocks.

The majority of ICOs are “utility tokens.” These tokens provide investors with access to a specific service or application. In other words, once the token hits a public exchange, investors can use it for something. For example, if you want full access to Filecoin once it’s up and running, you’ll need your own Filecoin currency.

Blockchain and cryptocurrency seem to be everywhere these days. The hype around cryptocurrency has reached fever pitch as people try to get in on the action of this new asset class. But, there’s a lot of misinformation and jargon thrown around in this space. This article will cover the basics of investing in blockchain related projects and cryptocurrencies.

What is Blockchain?

A blockchain is a decentralized database (or ledger) that is maintained across many nodes (computers). To understand this concept better, let’s break it down into parts:

1. Decentralized: there is no central point of failure. Everything happens on numerous computers, making it virtually impossible to hack, corrupt or shut down all at once.

2. Database/Ledger: data is stored in a database, which can be accessed like an Excel spreadsheet (except much more difficult to corrupt). In other words, all transactions are recorded and can be traced back to their origin. Data cannot be deleted from the database unless it was tampered with.

3. Maintained across many nodes: because this ledger/database is decentralized, it means that it has to be updated on all computers simultaneously. This prevents anyone from changing records without others being able to verify or stop them from doing

While cryptocurrency is still relatively new, it will ultimately become the standard. Bitcoin and Etherium might be the primary cryptocurrency platforms today, but the US Dollar will eventually become the Digital Dollar by leveraging the blockchain. You can take advantage of the current boom in cryptocurrency by trading it through platforms like eToro and Kraken, amongst many others.

To understand the revolutionary impact of cryptocurrencies you need to consider both properties. Bitcoin as a permissionless, irreversible and pseudonymous means of payment is an attack on the control of banks and governments over the monetary transactions of their citizens. You can‘t hinder someone to use Bitcoin, you can‘t prohibit someone to accept a payment, you can‘t undo a transaction.

Cryptocurrencies are so called because the consensus-keeping process is ensured with strong cryptography. This, along with aforementioned factors, makes third parties and blind trust as a concept completely redundant.

The first wallet program – simply named “Bitcoin” – was released in 2009 by Satoshi Nakamoto as open-source code.[10] In version 0.5 the client moved from the wxWidgets user interface toolkit to Qt, and the whole bundle was referred to as Bitcoin-Qt.[99] After the release of version 0

Leave a Reply