Each time time a user sends bitcoin to another person, the transactions are bundled and encrypted into blocks.
The Initial Coin offering is first crucial milestone of a blockchain start up as this will allow them to raise the capital to fund the company and the project for the next few years.
Accenture did a survey involving 32 banking professionals and they found out that 9 out of 10 banks were exploring block chain.
Smart contracts are a way to create complex transactions between untrusted individuals.
What’s the difference between:
ICO - Initial Coin Offering
IPO - Initial Public Offering
VCI - Venture Capital Investments (Angel Investors) - Why are Venture Capitalist investing in ICOs?
Running an ICO is the fastest way to raise large sums quickly for tech businesses.