Minden Gross LLP's Guide To Understanding Cryptocurrency And Blockchain Technology

Nowadays, you would be hard pressed to find a crowded room where cryptocurrencies or blockchain technology were not being discussed. The explosive growth of cryptocurrencies has led many to invest in this industry. Without issuing or offering shares and without offering any collateral, companies were able to raise nearly $4 billion in 2017 through Initial Coin Offerings and Initial Token Offerings. Despite the hype in cryptocurrencies and blockchain technology, few understand the concept of digital money and the blockchain technology that facilitates its operation. This article will be the first in a series which will set out the landscape of cryptocurrencies and blockchain technology. We will begin by covering some of the fundamental terms used in these new industries.