Top 5 Business Models For Overall Success Into Crypto Space.

Familiarize yourself with these below terms in order to gain a better understanding of what blockchain business currently running.

Business on Altcoins: Altcoins (alternative coins) are all other cryptocurrencies launched after the success of Bitcoin. Generally, they project themselves as better substitutes to Bitcoin. The achievement of Bitcoin becomes the first peer-to-peer digital currency paved the way for many to follow.

Business on Token: Crypto tokens represent a particular fungible and tradable asset or a utility that is often found on a blockchain. Terms like cryptocurrency, altcoins, and crypto tokens are often erroneously used interchangeably in the virtual currency world.

Business on Blockchain: A blockchain is a digitized, public or private ledger of all cryptocurrency transactions. Constantly growing as ‘completed’ blocks (the most recent transactions) is recorded and added it in chronological order, it allows market participants to keep track of digital currency transactions without central record keeping.

Business on Crowdsales: Crowdsales are the crowdfunding campaigns in the cryptocurrency world, where the digital currency platform sells the pre-mined crypto-tokens for the platform under development in exchange for either bitcoin, ethereum or some other established digital currency.

Business on ICO: An Initial Coin Offering, also commonly referred to as an ICO, is a fundraising mechanism in which new projects sell their underlying crypto tokens in exchange for bitcoin and ether. It’s somewhat similar to an Initial Public Offering (IPO) in which investors purchase shares of a company.

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