According to Bitcoinist, the market for these crowdsales surpassed $1 billion in market capitalization by the end of 2017. Through these smart contracts, companies can distribute tokens for participation in crowdsales.
Smart contracts can now be developed and modified through Ethereum’s inclusive Solidity programming language, which is most similar to the JavaScript scripting language. The Ethereum platform went live in July 2015 with a 13% pre-mine, allowing the public to mine the remaining 87% of all tokens.Īccording to CoinMarketCap, the value of Ether saw a 662% price increase in 2016 and a 13,000% price increase in 2017.Įthereum’s platform allows for the initiation of smart contracts. It was the first example of an ICO, or initial coin offering, and is a word play on the term initial public offering. To fund development costs, a crowdsale was hosted during a two-month period in 2014 in which the digital currency “Ether” was allocated to user wallets in exchange for a monetary contribution. Ethereum was first proposed in 2013 by programmer and writer Vitalik Buterin.
0 kommentar(er)
