What are ICOS?

AQ: Australian Quarterly - - BLOCKCHAIN AND THE STATE -

Ini­tial Coin Of­fer­ings (ICOS) are the birth of new cryp­tocur­ren­cies. They are essen­tially crowd­fund­ing cam­paigns for blockchain­re­lated en­ter­prises. Fun­ders of­fer cap­i­tal in re­turn for to­kens of the new cryp­tocur­rency. The value of the cur­rency then goes on to be de­ter­mined by sup­ply and de­mand, traded like any other cur­rency. There are now over 1200 cryp­tocur­ren­cies avail­able to buy.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.