We have asked our trading partner Teeka Tiwari to explain to us what crypto currencies are and the difference in a crypto currency and the many tokens being offered in the ICO markets right now. Please take a few minutes to read his entire response, when you are done you will have a complete grasp of cryptos and utility tokens….
Cryptos are a brand new asset class. They’re completely different from stocks, bonds, and traditional currencies. But that was over 18 months ago. Since then, BITCOIN has risen 1,600% and ether (the coin for the Ethereum network) is up 2,563%.
Now that you know the two types of crypto assets, let me explain how each works.
- Fat protocols
Just as those modems eventually transformed into the high speed internet we enjoy today, it’s only a question of time before Bitcoin and Ethereum crack the scaling problem.