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Thanks to the infamous 2016 hack of the original DAO, DAOs (Decentralized Autonomous Organizations) have languished on the sidelines of the blockchain world. Since the hack, DAOs have been viewed as more of a thought experiment rather than viable structures for organizations.
Although ICOs received an early rep as fast and easy fundraising mechanisms, it has become increasingly more difficult to attract investor attention and successfully facilitate a coin sale.
Although cryptocurrencies are digital assets, they are being used to build, exchange and reimagine the physical world. Here are five of the most interesting material-based and commodity-backed cryptocurrencies on the market that relate to tangible items.
Most early crypto adopters largely viewed digital coins as an alternate vehicle for long-term investment. Now it’s getting easier to use cryptos for everyday expenses. While it’s still not widely accepted, there is a growing number of bullish merchants willing to accept coin-based transactions
Although blockchain was designed to support the secure transfer of data and transactions, humans are imperfect, and very capable of messing up this perfectly plotted structure.
One of the biggest problems with traditional media buying is that companies and media owners never know how much spread the middleman is actually taking.
The greatest problem in blockchain is one that keeps growing; scalability. Blockchain is like a child running in an old pair of sneakers. As it grows the infrastructure gets smaller, and blockchains become slower.
Not only do farms, restaurants, and grocers suffer from logistical inadequacy, customers eat food at risk to their health. How can the industry solve such pervasive problems? Transparency is the answer.
Currently, only 51% of the world’s population has access to the internet. This figure differs drastically between the developing world and the developed world.
It takes a surprising amount of labor and coordination to participate in the crypto market. As cryptocurrency’s popularity exploded to (almost) mainstream participation levels in late 2017, newcomers to the crypto trading world were taken aback by some of the problems they encountered.