Ethereum’s creators wanted to create a platform that would allow users all over the world to write decentralized applications, and use the Ethereum blockchain as what it calls a “world computer.” Ethereum made smart contracts a common part of the blockchain conversation. Smart contracts are programming tools that let developers write self-executing scripts that run on the Ethereum blockchain. When these scripts are executed, the computing nodes are compensated for their work in Ethereum’s native token, Ether. One, perhaps unforeseen, consequence was that Ethereum’s smart contracts enabled the initial coin offering (ICO). Unfortunately, many ICOs revealed themselves to be little…
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