Bitcoin gained a lot of attention in 2013. With the popularity of Bitcoin, a common view began to emerge: Bitcoin, this emerging technology is very important, but where is it important? People still don't know that some people have begun to think further. Is there any other way to improve the application level of this technology? However, this upsurge has encountered setbacks. Whether Bitcoin can support applications, people still don't know, at least at the time there was no similar application. Technology has developed very rapidly, and some have also been applied. Later, a 19-year-old prodigy – Vitalik Buterin decided to open his own path.
Buterin has built a bitcoin-like system (blockchain system) with a fully programmable language that can be built on the system as you can imagine. In Ethereum, developers can design and develop decentralized applications. From now on, Ethereum can be described as "worldwide computer" or "php on the cloud." Optimists in the blockchain community began supporting the project, and the first iteration of the system network was successfully launched two years later. At that time, there were many malicious attacks against Ethereum, trying to erase the project, but fortunately these did not receive much support.
Ethereum itself was created by ICO, which opened the initial currency issuance, ICO, which is the exchange of the scarce network tokens as an exchange of Ethereum coins (ETH), which is also the driving of these tokens. The operation of the Ethereum network. We can see that other sources such as Golem, vDice and Augur have received huge amounts of money in ICO, and they are all new examples. Ethereum has become the leading platform for this financing model, and it has become very simple in Ethereum. This model is quickly and widely used.
This is a new financing path for the project. For example, this is a decentralized kickstarter. But at this point, the blockchain community is still mixed with this model. In any case, these different sounds cannot be eliminated. There are still many applications and opportunities within this system and model. This model allows any individual anywhere on the planet to participate in a optimistic project. Previously, only financiers had this right. Since Bitcoin has re-imagined money, this seems to be the first practical blockchain technology we've seen, and it will force the entire venture capital industry to adopt this model.
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