Category: Ethereum

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Is blockchain technology vital for ICOs to function?

Categories Blockchain, Cryptocurrency, ICOs, Malta, ICO Legal Service, E&S Group, Technology, Tokenomics, Advisory, Tokens, Utility Tokens, Security Tokens, Ethereum, VFA Act, ESTS Initiative

Is blockchain technology vital for ICOs to function?

Every Initial Coin Offering (ICO) works by means of blockchain technology. Subsequently, blockchain is the source that issue tokens, trade cryptocurrencies and aid miners to operate the platform. This technology is combining many industries both private and public to use this advanced system of collecting data.

ICOs and Tokens

Although blockchain can function on its own, it is widely used by ICOs. Many companies and startups are moving towards a blockchain era of things. A surge of investors are spending their money on various projects and digital currencies that are exceeding the market cap by trading volume. However, most ICOs issue their cryptocurrency by means of tokens. In reality, ICOs are projects that are designed by founders offering a service to their followers. Most companies opt for a blockchain based ICO to remove any third parties. Money needed to start off the project is collected by means of crowdfunding. Tokens, another word for cryptocurrencies are issued to whoever funds and supports the initiative.

What will happen when ICOs reach their Soft cap and Hard Cap?

During the Virtual Financial Assets (VFA)  offering stage, ICOs invest in their marketing projects to attract more investors. During the VFA offering process, ICOs would need to reach their soft cap and then the estimated hard cap. When the VFA offering ends, every ICO takes a different path. Some of the currencies end up on the market cap, trading their tokens with other cryptocurrencies while others continue with their intended project.

Blockchain a decentralised platform.

Blockchain is a decentralised platform for storing data. This new technology is becoming an important platform for processing transactions. Every transaction is verified by means of computer nodes connected to each other. Besides Bitcoin, new blockchain based cryptocurrencies started to take over the market. One of the most popular blockchain platform by far is the Ethereum platform. Created by Vitalik Buterin, the Ethereum platform has become the ideal platform since it is easy to set up. The Ethereum platform works via smart contracts. These digitalised contracts work to facilitate, verify or enforce the negotiation or performance of a contract. Meanwhile, these contracts eliminate the use of third parties. The majority of ICOs tend to use the Ethereum platform for smart contracts.

Legal advice to ICOs.

Despite the fact that ICOs require blockchain technology to work, legal advice is of the utmost importance. Signing up your ICO in a progressive jurisdiction such as Malta would help the project reach its final stages. An interdisciplinary firm based in Malta, E&S Group, offers an array of services assisting ICOs from their concept stage up the actual offering. Advisory service offered to prospective ICO clients are blockchain, tokenomics, taxation, and opening a Malta company, to name a few. To date, E&S Group has successfully advised over 40 ICOs, all reaching their hard cap.

Now is the chance to set up your dream ICO project in Malta. E&S Group will help you achieve your dream. For further information regarding our ICO Legal Service please click here.  Or contact us on +356 2010 302  or by email on [email protected]

If you have an upcoming ICO and would like to take part in ESTS Seed Competition, please follow this link to know what is required of you to participate.

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Stock analysts say that crypto is tipped to continue rising 

Categories Economy, Blockchain, Cryptocurrency, ICOs, Bitcoin, Ethereum, Market, Market Cap

Stock analysts say that crypto is tipped to continue rising

A prominent stock analyst Ronnie Moas has stated that the value of cryptocurrencies will continue to thrive in 2018, rising to all-time highs. He believes that cryptocurrencies are poised to take market shares away from stocks, bonds, and other currencies and that this is just the beginning.

In a report published last week, Moas, the founder of Standpoint Research and leading independent analyst has remained positive in his predictions for the future of the sector. After spending last month testing out a range of virtual currencies, he wrote that he expects coins such as Bitcoin and Ether to continue, with the value of Ether doubling by the end of 2018. He has previously tipped Bitcoin to reach an all-time high of $50,000 in the next 10 years.

At the moment, one Ether token is worth $219, an increase of 5% on the previous week, whilst a BTC is valued at $3000. Moas’ report also featured predictions for the alternative cryptocurrency, Litecoin, stating that he believes it will double to $80 by the end of the year.

“In my view, the genie is out of the bottle, and cryptocurrencies will continue to rise and take market share away from stocks, other precious metals, bonds, and currencies,” Moas told CNBC.

His ultimate message to investors is to have a go at investing in cryptocurrencies.

“I think investors should take a shot on this and hold for a few years. If you lose a few bucks, at least you took a shot. In life, you miss every shot that you do not take. It will probably be more upsetting to watch it (from the sidelines) go up another 1,000 percent.”

 

To know more about ICO legislation in Malta please follow this link.

Contact us directly on +356 20103020 or by mail at [email protected] to find out more.

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Active and unique address from Ethereum present a threat to Bitcoin

Categories Blockchain, Cryptocurrency, Bitcoin, Ethereum

Active and unique address from Ethereum present a threat to Bitcoin

Ethereum is, in terms of market cap, the second-largest cryptocurrency in the world as well as claiming more unique and active addresses than its main competitor, Bitcoin.

Since December 2017, Ethereum has almost doubled in size and the Ethereum network is now host to 35 million unique addresses with an incredible 100,000 being logged each day.  There is no doubt that these figures are pretty impressive but the growth of Ethereum nonetheless stands in the shadow of its previous all-time high of around 300,000 new addresses during January 2018. Since then it has tapered off as we moved into Q2 but its overall growth trend has not declined.

A blow to Bitcoin

Whilst its growth does deal a bit of a blow to Bitcoin, it’s important of these figures only apply to on-chain transactions. Those users that choose to make use of a centralised exchange such as Binance or Coinbase, often avoid using addresses entirely and are therefore not represented in the figures.

However, just because there are 35 million unique addresses, this does not mean that there are 35 million active users. Those that use the Ethereum network can have multiple addresses for the execution of smart contracts or transactions.

The number of unique addresses

To get a more accurate idea of user numbers we should consider looking at the number of active unique addresses as well as the number of transactions per day. This may allow us to paint a more accurate picture of the total number of true users as this would pertain to the number of wallets that are actually sending and receiving assets in any given day.

Using these metrics, Ethereum is still number one with an impressive 513,000 addresses compared to Bitcoins 443,000. It also soars ahead in terms of transactions with 832,000 compared to BTC 209,000.

The Flippening

Some say that these figures could be marking the beginning of something that is referred to as ‘the Flippening”-  a term coined by the cult-like internet community that firmly believes Ethereum will dethrone Bitcoin in the near future.

Whilst most of this community consists of staunch backers of ETH, there could be some truth in their predictions. Recently Roger Ver, a prominent BTC investor and advocate said that he has every reason to believe that Ethereum has the potential to overtake Bitcoin by the end of 2018. Whilst this is just speculation, the numbers are difficult to dispute. Whilst the market cap of Ethereum only consists of around 44.7% of Bitcoins $167billion, it is undoubtedly outpacing the original ambition of blockchain technology.

 

To know more about ICO legislation in Malta please follow this link.

Contact us directly on +356 20103020 or by mail at [email protected] to find out more.

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