An ICO (initial Coin Offering) is simply a way for new cryptocurrencies to raise the initial capital that is needed to launch a new coin or token. An ICO works in a very similar fashion to a crowdfunding campaign.
Bitcoins are made by solving complex math problems. This is done by a powerful machine that is built to solve these math problems. This process is called mining. People who own these machines to make money mining Bitcoins are called miners.
You’ve probably heard of Bitcoin. You’ve probably also witnessed some of the hysteria that has periodically surrounded it. What you may not know is how the technology underpinning this fashionable cryptocurrency is poised to change the world. It is called blockchain and it is one of the biggest potential game changers since the invention of the printing press.