Cryptocurrency 101: Helpful guides and articles help you get up the curve

1.

This is what you get when you invest in an initial coin offering (link: businessinsider.com.au)

127 clicks | 9 months ago | preview | favorite | tags: fundamentals ICO initial coin offering | discuss

Matsumura: One of the big concerns people have about coins and cryptographic tokens is that they don’t actually confer legal rights in most cases. So that’s pretty interesting and potentially concerning for people who hold them. Silverstein: So kind of like the bitcoin— the value of the bitcoin is what keeps the bitcoin blockchain going right ? Matsumura : Correct. Silverstein: So the ICO coins associated with those, new ICOs are spurring new companies.And if that company continues to grow then maybe that coin will increase in value. Matsumura: That’ s correct.There’ s really two classes of ICO tokens.One of them is asset backed securities.So asset backed is literally what it means, which is there’ s real estate back there.So it represents the physical or virtual goods of that token. The other class is a utility token. And that’s basically used to buy goods and services in some kind of microeconomy. Matsumura : Well we’ re seeing about 30 new ICOs launching per day.Year to date we’ ve seen about 3 billion go into the ICO market.So we’ re seeing companies raise as much as 200 million USD per ICO.And what’ s interesting they’ re raising it in bitcoin and ether.The value of which also continues to rise. Matsumura: The most common platform is actually the ethereum blockchain.So ether purchasing for the purpose of transferring into ICO is definitely an economic driver for that.But I would say there are actually much larger geopolitical fundamentals with the respect to the price for bitcoin itself.And we are seeing a large movement— with respect— to the fiat currency to bitcoin interface, to crypto interface.

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The ultimate, 3500-word, plain English guide to blockchain (link: thenextweb.com)

97 clicks | 10 months ago | preview | favorite | tags: fundamentals blockchain bitcoin | discuss

Unless you’ve been hiding under a rock, I’m sure you’ve heard of Bitcoin and blockchain. After all, they are one of the most trending topics these days  —  the ultimate buzzwords of the year. Even people who’ve never mined cryptocurrency or understand how it works, are talking about it. My non - techie friends are completely at loss when it comes to understanding these new technologies, and have been bugging me for weeks to explain it to them.There must be thousands of other regular internet users out there who feel the same. As a super early miner of Bitcoin, I’ ve  taken it upon myself to write this post in the plainest English so that anyone can understand today’ s most trending technology.

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Ethereum Explained For the Average Joe (By a Ninth Grader) (link: explainmeplease.com)

85 clicks | 10 months ago | preview | favorite | tags: fundamentals ethereum | discuss

Ethereum is a decentralized application and smart contract platform on the blockchain. How does Ethereum work Just like any other blockchain, Ethereum requires many nodes running a software on their computer to guarantee security and trust.Every node participating in the Ethereum protocol runs a software on their computer called the Ethereum Virtual Machine(EVM).The EVM is a system which understands and executes all the software written in a specific Ethereum programming language - Solidity(similar to Javascript) and Serpent(similar to Python).The applications or software run by the EVM are called 'smart contracts'. This is what makes Ethereum a world computer, but an expensive and slow one.It has about the same processing power as a 90 's smartphone. You may be asking, if that is true, why would anyone use Ethereum? Well, we will talk about that.

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