Cryptocurrency has brought with it a number of alternative coins to Bitcoin, which are better known as altcoins. These altcoins differ from the original cryptocurrency, Bitcoin, through its use cases and potential value. For example, Ethereum was built off of Bitcoin by adding smart contract functionality, a POW (proof of work) back-end, and a platform for them to be used and enforced on. There are coins such as po.et and others that offer unique use cases and value to the end user.

Recently, these altcoins have caused a surge of interest around a new phenomenon called an initial coin offering (ICO). These ICO’s have raised hundreds of millions of dollars in some cases, all just from the potential value they aim to bring to the crypto sphere. Similar to buying a stock, an ICO is a chance for investors and interested parties to purchase the altcoin a particular project is offering, in hopes to capitalize off of the increase in value the company will experience after the ICO is closed and the company goes live.

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