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What is ICO? A Detailed Introduction to Initial Coin Offerings

If you’re reading this article, then chances are that you’ve probably heard of ICOs and know a little bit about Blockchain technology. Blockchain is a revolutionary technology with huge potential in almost every sector.

And ICOs are a great way for startups to take a step into the future and develop new innovative projects.

So, what is ICO? And Why should it be important to you?

Well, let’s find out. Here is everything you need to know about Initial Coin Offerings.

What is an ICO and What Do You Do With It?

IPO vs ICO

Let’s say that your company is starting a new project. You’ll need to do fundraising for it right?

Usually, companies will sell their shares in the stock market through something called an Initial Public Offering (IPO) or Stock Market Launch. Investors can buy these shares, and they get a portion of the ownership of the company.

Here, the company keeps the majority of the ownership, while giving a portion of it to other investors.

Initial Coin Offering (ICO), on the other hand, is the crypto version of crowdfunding where startups offer ICO tokens in a crowd sale. When a company wants to start a new project such as a decentralized application or cryptocurrency, they can conduct an ICO and offer their coins to the public.

Unlike an Initial Public Offering, buying an ICO token doesn’t give you any ownership of the company. The investors don’t actually invest in the company but rather in a project idea of the company.

So, how do investors make money off of an ICO? For More Details

New Hyperledger Fabric v2.0: Everything you need to know

The release of the new Hyperledger Fabric v2.0 brings forth many new upgrades and changes to the previous v1.4.

But what exactly is Hyperledger Fabric? And why are people talking about it? It’s easy to get confused with all these words being thrown around. Many people still have a hard time understanding what blockchain technology is and how it works.

So here is everything you need to know about Hyperledger Fabric v2.0.

Hyperledger

To know what Hyperledger Fabric is, you should know what Hyperledger is. Yes, there is a distinction between these two terms.

Hyperledger is an umbrella project by the Linux Foundation and consists of several Frameworks and Modules. These tools allow businesses to develop blockchain-based private networks and applications to suit their needs.

Permissioned Blockchains

This the major feature that separates Hyperledger from conventional blockchains.

While blockchain technology is a decentralized permissionless ledger that is available openly to the public, Hyperledger is a private permissioned network where businesses can store their confidential private data. Businesses can limit access to this private data to permissioned entities or persons.

Hyperledger Fabric

Hyperledger Fabric is a framework for distributed ledger solutions that allows enterprise businesses to develop blockchain solutions and applications with a modular architecture and delivers high levels of flexibility, confidentiality, resiliency, and scalability.

Its modular architecture allows components such as consensus and membership services to be plug-n-play, allowing businesses to resolve complexities in their economic ecosystem.

Unlike permissionless blockchains like Bitcoin, which allows public users into the network to make transactions, Hyperledger Fabric allows entities to conduct confidential transactions with permissioned members via a trusted membership service provider.

What’s New in Hyperledger Fabric v2.0?

Hyperledger v2.0 is the first major release after v1.4 back in January 2019 and brings us many new upgrades and changes for both users and operators.

V2.0 now offers support for new applications and privacy patterns, enhanced governance for smart contracts, and new options for operating nodes.

Moreover, you still have the ability to upgrade network components on your own terms, with support for rolling changes from the previous version. This means that you can upgrade each network component one at a time, with no downtime.

Additionally, it also has the option to enable the new features only when the member organizations are ready.

Now let’s dig a little bit deeper into what Hyperledger Fabric v2.0 has to offer.

Governance for Smart Contract

Something totally new in Hyperledger Fabric v2.0 is the decentralized governance for smart contracts. You also get a new process for installing a chaincode on your peer and starting it on a channel.

The new chaincode lifecycle enables multiple organizations to arrive at an agreement on the chaincode’s parameters, such as the endorsement policy of the chaincode, before you use it to interact with the ledger.

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