you understand it.<\/a><\/p>\nWith smart contracts, blockchains are built to perform computer programs. Smart contracts are programmable in the sense that transactions can check for conditions and trigger events, when things line up.<\/p>\n
Imagine a world where life as a grown-up is way smoother in every way, from lending money for education, cars or real estate, to just getting a smartphone with a data plan. That\u2019s what smart contracts potentially offer. Blockchain events become a shared interest, making it possible for credit records and similar to be approved quickly, when conditions match up.<\/p>\n
Sadder parts of life, such as dealing with last wills or dissolving marriages could also become simpler, as would change management, in affairs like corporate mergers.<\/p>\n
Ethereum (ETH) Explained<\/b><\/p>\n
Ethereum is a complete computing platform built on blockchain. Being a decentralized network, Ethereum can facilitate almost any kind of transaction, along with the required computation and verification, with great geographic distribution.<\/p>\n
Imagine a blockchain for keeping track of all kinds of deals involving goods, services and records on individuals.<\/p>\n
The system comes with its own currency, Ether. This compensates device owners who contribute computational resources and network bandwidth.<\/p>\n
Altcoins in a nutshell<\/b><\/p>\n
Just like an iPhone from 2009, Bitcoin is starting to show its age. Creative types have been working on all kinds of improvements of the original concept, or new, alternative cryptocurrencies. These are referred to as Altcoins by the larger scene of cryptocurrency forums and ICO lists.<\/p>\n
So why exactly is everyone waiting for \u201cthe next Bitcoin\u201d?<\/p>\n
Well, Bitcoin constrains itself with its base around computationally expensive proof of work, and the whole deflationary aspect.<\/p>\n
Furthermore, despite what some people insist, Bitcoin is absolutely not anonymous. Coins are wired between wallets, in a way that goes on a public record. Certain altcoins, like Monero, are trying to solve problems like these.<\/p>\n
Bitcoin is also becoming slow, and the community with its vested interests shows little consensus in how to improve the code. Verifying transactions is on the brink of being extremely taxing on hardware, with enormous energy consumption.<\/p>\n
So, naturally, people are looking for options.<\/p>\n
Decentralized applications, how do they work?<\/b><\/p>\n
Since the turn of the millennium, corporate behemoths have combined user content and effort to create the internet landscape we use and love.<\/p>\n
Wikipedia, Yahoo Answers, Twitter, Youtube, Cafepress, Stack Overflow and Airbnb are just some different examples or how user effort can be turned into world-transforming phenomena. But these applications, even Wikipedia, a non-profit, are highly centralized.<\/p>\n
Diverse interests can sometimes work together and create impressing results (maybe except for Yahoo Answers). But the logistics of these services are heavy. Building web services and apps that can withstand the load of global audiences involves owning servers, buying bandwidth and paying staff. And the only feasible way of making money off of any of this, except donations, are creepy tracking and ads.<\/p>\n
What if the next Wikipedia or Uber could be built on open source software, where transactions are bounced around and verified on a p2p network? Funding could be based on Bitcoin-style currencies, deriving value from proof of work or other methods.<\/p>\n
What do these ideas have in common? They\u2019re funded by visionary individuals who take the plunge and put some money into Initial Coin Offerings. The payoff for owning \u201cthe air\u201d breathed by a decentralized application could be mind boggling.<\/p>\n
What are some other ICO review sites?<\/b><\/p>\n
At ICO Hot List<\/a>, we don\u2019t fear our competition. In fact, we accept that we\u2019re part of an ecosystem informing the \u201ctokenistas\u201d of the world. We don\u2019t vouch for any content but our own, but having said that, we encourage our readers to study and critically compare the findings listed by our hard-working colleagues in this field.<\/p>\nICO Hot List<\/b><\/p>\n
team@icohotlist.com<\/p>\n","protected":false},"excerpt":{"rendered":"
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