Cryptocurrencies represent an internet-based medium of exchange that takes advantage of cryptographical functions in order to conduct financial transactions. They leverage blockchain technology to achieve decentralization, immutability, and transparency. Most ICOs happened in 2017 and early 2018 and used https://penzu.com/p/8dd73751 Ethereum as a platform of operation via the ERC-20 standard. In 2018, the United States Securities and Exchange Commission clarified their rules relating to fundraising for assets, which made it much harder for new cryptocurrency projects to issue their own tokens in this way. Since the appearance of the SEC guidance and the organization’s heightened interest in regulating ICOs for U.S. citizens, the number of ICOs has been reduced substantially.
