Topic: The Reason Bitcoin & Ethereum are surging (Read 329 times)
The blockchain is arguably the most disruptive social idea since the internet itself. In the past few weeks, the price of digital assets like Bitcoin and Ethereum has started to reflect it. While this incredible run-up is partly caused by investor speculation, it’s only now that we may have found the killer use case for cryptocurrencies and the underlying blockchains.
Tokens: Kickstarter on Steroids
Tokens or “appcoins” are scarce digital assets powered by the underlying technology that made Bitcoin possible. While they do not represent equity in a company, appcoins have transformed the traditional methods of financing technology companies today. For example, Product Hunt could launch “KittyCoins” to finance operations directly from the community. Another example is how the Brave Browser team just raised $30M for their Basic Attention Token ICO in 24 seconds (you read that correctly).
Source: https://medium.com/product-hunt/the-reason-bitcoin-ethereum-are-surging-33665c52d7a9
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