For those who value crypto and blockchain news updates
Cryptocurrencies have recorded unprecedented growth over the last years, finding usage in almost every sector of the economy today. This revolutionary industry which started with Bitcoin is now home to over 2,500 projects. One of the major underlying factors that aided this rapid growth is what we know today as an Initial Coin Offering (ICO).
Since the inception and integration of Bitcoin in the market, there have been development of many other cryptocurrencies. The continued acceptance and use of these cryptocurrencies has led to development of solutions in the areas that the initial cryptocurrencies had weakenesses.
Since the inception of Bitcoin in 2009, followed by other digital currencies such as Ethereum, the market has seen an influx of several other ICO’s all based on the blockchain technology. The acceptance and incorporation in using these cryptocurrencies, has been faced by several hurdles and setbacks. These setbacks range from regulation by some governments, fraud and also not all population understands the advantages of using blockchain technology to transact.