Behold, blockchain
Investors who see ICOs as a chance to jump on the blockchain bandwagon should ask some basic questions.
Add BT as a preferred source
by STEFANIE YUEN-THIO and NADIA SAMDIN
WHAT do DarkCoin, virtual islands and an unhackable digital ledger have in common, other than sounding like the plot of the next Marvel movie? They are the subject matter of the latest investment craze threatening to storm traditional capital markets.
Welcome to the disruptive world of blockchain, where bitcoin (brainchild of unknown creator(s) under the pseudonym Satoshi Nakamoto) is the new currency and Geek-speak the new lingua franca. Bitcoin is a virtual currency created on the Internet. Like paper money, it has no intrinsic value. You can buy (cyberworld) bitcoin using (real world) cash and deposit it in a virtual wallet.
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