Expanding blockchain technology
- Ethereum was the most meaningful of the ICOs (initial coin offering). Many other companies followed, such as NXT Neo, Spectrecoin that were often tied to specific businesses and products.
- In 2017, the US Securities and Exchange Commission (the money police) announced that financing events for digital currencies would be regarded as securities under some circumstances.
- But bitcoin left behind its original community of true believers, and in 2017, the price surged more than 1,000 percent.
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