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You're reading from  Blockchain for Business 2019

Product typeBook
Published inJan 2019
Reading LevelIntermediate
Publisher
ISBN-139781789956023
Edition1st Edition
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Author (1)
Peter Lipovyanov
Peter Lipovyanov
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Peter Lipovyanov

Peter Lipovyanov is an experienced investment banker and venture investor currently focusing on blockchain projects and crypto-assets. A firm believer in the potential of blockchain technology to change the world for the better by facilitating financial inclusion across the globe and improving the efficiency of financial markets and other sectors of the economy, he has been involved in several promising blockchain projects building decentralized applications. His passion for education also led him to create a bestseller online course about the fundamental principles of blockchain technology and its business applications, which is the basis for this book.
Read more about Peter Lipovyanov

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Ethereum and initial coin offerings

Ethereum has made it very easy for anyone to create and issue virtual tokens on its blockchain. This is done with the help of standardized Ethereum smart contracts, such as ERC20. In this way, people, businesses, or governments can issue their own virtual currencies, assets, or application tokens using the Ethereum blockchain, without the need to build their own blockchains.

The facility of issuing new digital tokens or coins based on Ethereum stimulated a massive wave of new start-up ventures that innovate and fund their projects on the Ethereum blockchain. The funding comes in the form of initial coin offerings (ICOs), also known as token-generation events. In this way, start-ups can issue digital tokens that can be exchanged for services on their future platforms. They can also issue tokens that represent financial instruments, such as equity...

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Blockchain for Business 2019
Published in: Jan 2019Publisher: ISBN-13: 9781789956023

Author (1)

author image
Peter Lipovyanov

Peter Lipovyanov is an experienced investment banker and venture investor currently focusing on blockchain projects and crypto-assets. A firm believer in the potential of blockchain technology to change the world for the better by facilitating financial inclusion across the globe and improving the efficiency of financial markets and other sectors of the economy, he has been involved in several promising blockchain projects building decentralized applications. His passion for education also led him to create a bestseller online course about the fundamental principles of blockchain technology and its business applications, which is the basis for this book.
Read more about Peter Lipovyanov