In later December of 2017, the company Maker released their long-awaited system for a decentralized stablecoin named “Dai”. Dai is an Ethereum ERC20 token that is pegged to $1 USD — every Dai is worth $1, and will always be worth $1, regardless of how much Dai is in existence. There is no centralized authority like Tether that backs its value, and no traditional bank that backs each Dai with a real US dollar. There is nothing that can be shut down, and no centralized authority that needs to be trusted. …

It’s Thursday, August 31st, 2017. Bitcoin and Ethereum are at or above their all-time highs. How can a single Bitcoin be worth $4,727? If you bought in 7 years ago, you’d be sitting on 472,710% gains.

Incredibly, for all the mindshare Bitcoin has worldwide (who hasn’t at least heard of Bitcoin at this point?) the entire market cap of Bitcoin and all other crypto-currencies combined is only $171 billion USD.

That may seem like a lot — $171 billion is nothing to scoff at — but Apple Computer is worth 5x, Saudi Aramco 7.5x, and gold as an asset class…

With the rise of Ethereum and Initial Coin Offerings (ICO’s), especially ERC20 tokens, people unfamiliar with Ethereum or other cryptocurrencies like BitCoin are becoming interested in the technology. Unfortunately, getting started with Ethereum and participating in ICO’s is not simple.

The central component in Ethereum is the “wallet”. An Ethereum wallet is what holds your Ether and other Ethereum-based tokens, and conceptually can be thought of like a real wallet.

Like a real wallet, an Ethereum wallet can be stolen. You shouldn’t leave it “out”, or stored on a device that is often connected to the internet, or it risks…

Over the past 6 months, Initial Coin Offerings (ICOs) on the Ethereum blockchain have exploded, with $800 million raised in 2017 so far. This follows the dramatic rise in the value of Ether from $10 last July to a high of $395 last June (it has since fallen to approximately $220).

It’s impossible to say precisely what has driven up the value of Ether, but likely it is a combination of the Ethereum Enterprise Alliance adding big name members from diverse industries, such as Microsoft, MasterCard, J.P. Morgan, and the Indian government, as well as excitement from ICOs.

One critical…

James Seibel

CTO @ AirFox

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