Distributed database that is used to maintain a continuously growing list of records, called blocks.
According to Smith & Crown, a company specializing in crypto assets, this year start-ups attracted more than $ 1 billion through the ICO, which is ten times more than for the entire 2016 year. The Wall Street Journal reports it.
Smith & Crown ICOs graph
First decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen
The agiotage around the initial placements of coins greatly contributed to the sharp growth of the cryptocurrency Bitcoin and Ethereum, which were actively used to buy tokens of new block-startups conducting ICO. So, in the first half of 2017, bitcoin rose in price by 160%, and Ether - by 3,350%.
The middle of this year was marked by two large crowdsdale. So, to date, the project Tezos from the startup Dynamic Ledger Solutions Inc. And EOS from the company block.one in aggregate collected more than $ 300 million.
According to the British company Dealogic, the amounts collected by both start-ups are comparable to the average value of funds raised through traditional IPOs. So, in 2016 the average amount attracted by US joint-stock companies was $ 219 million.