Initial coin offerings, explained
BY JUSTIN JAFFE | FEBRUARY 2, 2018 7:28 AM PST
Bitcoin and its legions of cryptospawn and blockchain babies are rewriting the rulebook. Actually, lots of rulebooks.
Blockchain technology is changing the face of everything from banking, to payments, to security. But it's the way these crypto projects, currencies and companies raise money that's attracting the most attention from startups and established companies alike. The "initial coin offering," or ICO, is rapidly reshaping the conventions, boundaries and timelines for how entrepreneurs, startups and corporations finance their endeavors.