An initial coin offering (ICO) is a controversial means of crowdfunding centered around cryptocurrency, which can be a source of capital for startup companies. In an ICO, a quantity of the crowdfunded cryptocurrency is sold to investors in the form of "tokens", in exchange for legal tender or other cryptocurrencies such as bitcoin or ethereum. These tokens supposedly become functional units of currency if or when the ICO's funding goal is met and the project launches.
A Bitcoin wallet can be opened in a few easy steps and can be verified using a smartphone. Major currencies such as US Dollar or GB Pound, even commodities such as Diamonds or Gold, can be converted into your preferred Crypto Currency such as Bitcoin.
Bitcoin software enables a network of computers to maintain a collective booking via a digital ledger, across the entire network, the Blockchain. In the blockchain, all transactions are logged including information on the time, date, participants and amount of every single transaction. Each node in the network owns a full copy of the blockchain. On the basis of complicated state-of-the-art mathematical principles, the transactions are verified by the so-called Bitcoin miners, who maintain the ledger