An Initial Coin Offering (ICO) is
a fundraising method that trades future crypto coins for cryptocurrencies which
have an immediate, liquid value. Usually, a percentage of the tokens is sold to
ICO participants and a percentage kept for the company’s needs (private
investors, etc. Terms differ from one ICO to another). An ICO allows both big
and small investors to fund the projects they like. The recent year carried
thousands of successful ICO stories. The purpose for the project is obvious. The
goal for the investors of the ICO is that the price of the token would be
higher (or much higher) than the token’s price during the ICO. ICOs are really
hot among the crypto investors. Recently, Hdac and Filecoin collected
respectively astonishing amounts of $258 and $275 million. Whether you are seeking funds or looking to
invest funds perform your 360 degree due diligence to ensure the coin
originators, their company and legal structure are all above board before
joining the company let alone investing your hard-earned funds. Hope this helps.
Lawrence, Crytptocurrency
Academy (https://cryptocurrencyacademy.blogspot.com)
Our mission is to provide Training and Certification programs to enable Cryptocurrency, Blockchain and FinTech traders and investors worldwide to achieve their career goals.
Friday, February 9, 2018
Thursday, February 8, 2018
Blockchain – On the Cusp of a New “Foundational” Technology
Blockchain - the peer-to-peer
network that sits on top of the Internet—was introduced in October 2008 as part
of a proposal for Bitcoin. While blockchain was the secret sauce which enabled
the rise of Bitcoin, the applications of blockchain reach far beyond the
Fintech sector. Yes, the parallels between blockchain and TCP/IP are clear.
Just as e-mail enabled bilateral messaging, bitcoin enables bilateral financial
transactions. The development and maintenance of blockchain is open,
distributed, and shared—just like TCP/IP’s. And just like e-mail, bitcoin first
caught on with an enthusiastic but relatively small community. TCP/IP unlocked
new economic value by dramatically lowering the cost of connections. Similarly,
blockchain could dramatically reduce the cost of transactions. It has the
potential to become the system of record for all transactions. If that happens,
the economy will once again undergo a radical shift, as new, blockchain-based
sources of influence and control emerge. The problem is, reconciling transactions
across individual and private ledgers takes a lot of time and is prone to
error. More details to follow. Lawrence, Cyrptocurrency Academy (https://genesysinternetdesigns.blogspot.com)
Wednesday, February 7, 2018
Are IBOs a viable Alternative to ICOs?
U.CASH
has invented the so-called ‘Initial Bounty Offering’ (IBO) which asks for
contributions in the form of contributors’ time and skills in exchange for
cryptocurrency. U.CASH said that the practice was “a way to crowdsource human
resources, business development, marketing and user acquisition for blockchain
technology ecosystems.” By contrast ICOs have swept the globe over the
past year as the latest method of gaining fast amounts of large startup
capital. Miko Matsumura, limited partner of Pantera Capital, recently estimated
that approximately 900 ICOs took place in the month of November; over $3.75
billion has been raised through ICOs this year alone. In an ICO
campaign, a percentage of the cryptocurrency is sold to early backers of the
project in exchange for legal tender or other cryptocurrencies, but usually for Bitcoin. Which is the better choice – ICO or IBO? It primarily depends on your end
goal – raise capital or acquire cryptocurrency. Lawrence, Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com)
Tuesday, February 6, 2018
Which Cryptocurrency Wallet is Right for You?
Monday, February 5, 2018
Proof of Working Mining for Cryptocurrencies
Cryptocurrency miners are in a race to solve a mathematical puzzle, and the first one to solve it (and get it approved by the nodes) gets the reward. This method of mining is called the Proof-of-Work method. But what exactly is this mathematical puzzle? And what does the Proof-of-Work method involve? To explain this, we need to understand which stages are involved in the mining process: 1. Verify if transactions are valid. Transactions contain the following information: source, amount, destination, and signature. 2. Bundle the valid transactions in a block. 3. Get the hash that was assigned to the previous block. 3. Solve the Proof-of-Work problem (see below for details). The Proof-of-Work problem is as follows: the miners look for a SHA 256 hash that has to match a certain format (target value). The hash will be based on: 1.The block number they are currently mining. 2. The content of the block, which in Bitcoin is the set of valid transactions that were not in any of the former blocks. 3. The hash of the previous block. 4. The nonce, which is the variable part of the puzzle. The miners try different nonces to find one that results in a hash under the target value. Hope this helps. Lawrence, Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com)
Saturday, February 3, 2018
Blockchain: Uncovering Blockchain Technology, Cryptocurrencies, Bitcoin and ...
Blockchain: Uncovering Blockchain Technology: Discover all thеrе іѕ to knоw аbоut the Blосkсhаіn revolution! Lіkе many, аѕ Bitcoin rоѕе tо рrоmіnеnсе, I decided tо stay оn thе ѕіdеlіnеѕ. Wіthіn a short tіmе, this оnе сrурtосurrеnсу сlіmbеd in vаluе tо new highs each аnd еvеrу mоnth. I wоuld look at hоw much a ѕіnglе Bitcoin wаѕ trаdіng fоr аnd think tо myself: "I wіѕh I had іnvеѕtеd еаrlіеr." Twо уеаrѕ ago, I dіd ѕоmе rеѕеаrсh аnd concluded thаt there іѕ still money tо be mаdе. Tоdау аnd іn thе уеаr 2017, I'm рrоud tо ѕау thаt thеrе іѕ ѕtіll a lоt оf рrоfіt left on thе tаblе fоr those that wіѕh tо еntеr thе dіgіtаl есоnоmу. Thе intention of this bооk is tо give уоu a ѕummаrу on thе world of сrурtосurrеnсіеѕ аnd tо provide уоu with аll of thе basic іnfоrmаtіоn thаt уоu nееd to gеt invested аnd bе able tо рrоvіdе a better есоnоmіс futurе fоr you аnd уоur fаmіlу. Wе are thе рrесірісе of a rеvоlutіоn in thе wау thе wоrld trеаtѕ thе mоnеtаrу policy as a whole. There will bе rаріd сhаngеѕ іn thе соmіng уеаrѕ, and you will want tо bе аn early аdорtеr оf what іѕ sure to bе a grеаt ѕоurсе of іnсоmе for thе few that dесіdе to learn аbоut thе dіgіtаl есоnоmу аnd gеt a head ѕtаrt. Order your copy today (http://amzn.to/2EdCyva) and start generating profits!
Friday, February 2, 2018
How Much of the World’s Enegry Will Bitcoin Mining Consume?
Bitcoin
Energy Consumption Index. To put the energy
consumed by the Bitcoin network into perspective we can compare it to another
payment system like VISA for example. According to VISA, the company consumed a
total amount of 674,922
Gigajoules of energy (from various sources) globally for all its
operations. This means that VISA has an energy need equal to that of around
17,000 U.S. households. We also know VISA processed 111.2
billion transactions in 2017. With the help of
these numbers, it is possible to compare both networks and show that Bitcoin is
extremely more energy intensive per transaction than VISA (note that the chart
below compares a single Bitcoin transaction to 100,000 VISA transactions).
Visit our web site. Lawrence, Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com)
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