Typical Questions I get asked all the time.
Lets start with the most simple Questions
What is Blockchain?
The best way to describe blockchain is that it is a system or tool puts trust back into transactions. Instead of making transactions through a third party, it allows transactions to happen directly between two entites and that data is recorded on a register that is encrypted and cannot be manipulated or changed once a record have been made.
What is Bitcoin?
Bitcoin is the first decentralised currency. What does that mean? its a currency not created buy a government. It is controlled by a computer algorithm rather than by government policy. Government fiscal policy can increase or decrease supply of money, most government. increase he supply of month leading the money itself deflating in value over time. Bitcoin is limited in supply and will one day be legal tender in many countries around the world.
What is a Utility Token? and ITO
A Utility token represents no ownership in the company, it has not rights of ownership and therefore gains is value through demand.
What is a Security Token? and STO
A Security Token is also known as digital security. think of it like a share of a company or maybe even a corporate bond, however, it is in a token form. Tokens are able to be shares and transferred via blockchain, either peer to peer or via an exchange. Tokenising a company will Monday become common ground. allowing peer to peer transactions of stocks and shares (once the KYC and AML issues are solved around this) Digital Securities gain their value form the performance of the companies, They are a digital representation one a Equity OR debt.
What is an IEO
An IEO is an Initial Exchange offering. Back in 2016-17 thousands of ICO's (initial coin offerings) were taking place,
What is Mining?
Mining is the process of computer calculations. Bitcoin needs
What is Proof of Work
Proof of work
What is proof of stake?
What is a ETO (STO)
Securities tokens become more popular over rot coming years there will need to be more defined as to what type of STO it is. Companies typically raise money through either Debt or Equity both of which can fall under the STO brakets
How do I get involved?
What is crypto currency?
What is crypto currency
Cryptocurrencies - Made Simple
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