The ripple effect of cryptocurrencies
There has been a growing hype around cryptocurrencies for at least two years now. What interests me most is yet to come because it hasn’t hit the mainstream quite yet. But when it happens; when cryptocurrencies become a transaction-tool used by the masses, our lives as we know it today will have changed completely.
Just imagine a world without banks or credit card frauds – a world that values your privacy. Sounds good, right? But how exactly would that work? So, cryptocurrencies create a decentralized system where you basically take the role of a bank yourself.
However, it’s not only the financial institutions that this phenomenon will affect. Cryptocurrencies will disrupt everything and everyone – from a small rice farm in south east Asia to an entire country. I know, this might sound scary at first, but change always holds opportunities to build upon – many entrepreneurs have already realized its potential and so capitalized on it. And as more people do so, the ripple effect of cryptocurrencies will reach every corner of the world.
Before that happens though, there are major risks, the world of cryptocurrencies has to eliminate; such as becoming more secure so hackers wouldn’t have the chance to steal your money. Another risk is if your hard disk crashes that you basically lose all your e-money.
But as fast everything develops, I am pretty certain that these issues will be resolved sooner than later, and we will be living in a world where the economic system is completely decentralized.
What is crypto currency & ICO?
A lot of will be talking about “Did you buy this crypto currency?” or ” Were you part of the first dibs with that ICO?” and you may be wondering to yourself “what is exactly being said here?”. Fear not, with this short blog you’ll soon be updated on both crypto currency & ICO.
Crypto currency in lehman terms is a form of digital currency which works as a medium of exchange that uses cryptography to secure its transactions. A limited amount is created, this changes depending on the crypto currency but most tend to have a set amount which has been created. It operates using decentralised control as opposed to centralised electric money and central banking systems.
For those who are after a more in-depth analysis, this can be found here http://bit.ly/1hIi2CF.
You may be familiar with Bitcoin, the first and most popular crypto currency on the market which was launched in 2009. There is currently 49 active crypto currencies in the market that are active and more are being introduced each month.
When a new crypto currency is introduced to the market it is known as a Initial Crypto Offering, acronym for ICO. This is when a crypto currency start up is raising funds for its venture.
Part of an ICO a marketing campaign is done in order to raise awareness and help build traction. Dream Random offers ICO marketing, for more information check out our service page here or get in contact with firstname.lastname@example.org
An in-depth analysis can be found here http://bit.ly/2GukBWK regarding ICO.
This should now equip you with the knowledge to hold your own when some one asks you “Do you know what crypto currency is?” or “Do you know what an ICO?”