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Tokenising all the world

February 8, 2019 by Diana Berryman

I’m flying solo today as I wanted to talk to you today about a concept in digital currency which we bump into a lot, but can require a bit of explanation. That is the idea of tokenisation.  This is a fundamentally disruptive idea (sorry, there’s that word again, but it’s true – the fortunate thing is, the disruption is largely at the institutional stage, with relatively little impact on you as the user)

If you like, tokenisation is the disruption of money

So to appreciate this, we have to first understand exactly what money is.

Money can be understood in many ways, such as a store of wealth and value, and a way of accounting for things. Day to day though, money is our means of exchange – and this makes it very different from other forms of wealth such as property, or jewellery, or other kinds of assets like bullion or stocks. Listen to the podcast to hear more about this.

Crypto Alphabet

I is for ICO

ICO stands for initial coin offering, and this is a way in which new cryptocurrency projects can raise funds to launch their business, by selling their own crypto tokens. It’s a bit similar to the way investors buy shares in a company through an initial public offering, but it’s got some important differences. Not least, the fact that ICO tokens can usually only be bought using bitcoin and ether (although some projects have found innovative ways to offer fiat currency payment gateways).

If you like what you hear, we’ll be sharing new episodes every fortnight. So please subscribe via your podcast app of choice.

Keep in touch with us on Facebook at Crypto Confidence,  and the official BlockSparks page too.  Tweet us with your questions, or email hello@blocksparks.io

We also have a new Telegram group, for all things crypto – come and chat! https://t.me/CryptoConfidencePodcast (if you’re new to Telegram don’t worry, it’s just another messaging app, and very easy to get started with)

Want to get started buying your first cryptocurrencies? We recommend Local Coin Swap https://localcoinswap.com/#/register/?referral=3846b08d-d382-4ae0-88c8-c48b411cd913, and Coinbase https://www.coinbase.com/join/59e9e75fa4c3a001f015ee52 – these links help support the show.

And remember: nothing in this podcast or our related social media, nor anything else published by BlockSparks OU at any location, is intended as financial, investment or trading advice. Everything we share represents our personal opinions, for your information, education, and entertainment only. You should not make any decisions based on anything we share with you, not without undertaking independent due diligence and consultation with appropriate professional advisors.  CryptoConfidence is all about being smart and informed and making the right choices for YOU

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