1. You need send money across the globe 2. So you go to your bank 3. Your bank then takes your money and converts 4. To the “ripple” currency 5. This transaction is the encrypted and sent through peer to peer network called blockchain 6. All being tracked on a ledger by trusted sources 7. Within seconds your money reaches another financial bank across the globe 8. They take the ripple and convert it...
Emoji Finance Friday©: Initial Coin Offering
Let us break this down 1. You and your co-founder talk about raising money 2. You have not had much success 3. So you think one day and have an idea 4. To raise money by creating a cryptocurrency “coin” like Bitcoin 5. Soon you sell your currency to the public for capital 6. In exchange for your digital “coin” 7. This all equals an Initial Coin Offering (ICO) Let us piece this together You have been...