Sentences with phrase «on blockchain projects sell»

Not only has ethereum emerged as the principal platform for initial coin offerings (a process by which entrepreneurs working on blockchain projects sell a cryptographically scarce resource to raise funding), but major institutions including JP Morgan and Bank of America are developing projects on private versions of its software.

Not exact matches

For those who haven't been following, token sales - by which blockchain - linked data is sold as a form or project crowdfunding - have been on the rise in 2017.

< br / > < br / > During the early < br / > stages of this project, MNT will be sold and distributed on the Ethereum < br / > blockchain.

Through a process called an initial coin offering (ICO), many projects are simply creating and selling tokens on existing blockchains to build a network effect and raise capital.

Ulmart's information technology and fraud team of four employees plus Kean will oversee the blockchain project, which includes designing and integrating an «authenticated» symbol to feature on anything sold on its platform.

In an ICO campaign, a percentage of the cryptocurrency is sold to early supporters of the project in exchange for fiat currency or other cryptocurrencies, but usually for ETH as the majority of the coins are launched on ethereum blockchain as ERC - 20 coins.

Like the majority of recent ICOs, these projects were both built on the ethereum blockchain, and they were both selling ERC - 20 tokens.