Akshay Gokalgandhi

Future of Cryptocurrency The recent cryptocurrency boom and it’s parent technology- blockchain is hard to overlook. Though this technology is breaking different historical thresholds, have you ever wondered what will be the future scope of cryptocurrencies ? Where will be it 5 years down the line? Future of Cryptocurrency By far, we know that bitcoin is a decentralised ledger which uses peer to peer technology and is free from any central authority. This makes it different from fiat currency. Currently, the worth of any cryptocurrency depends on what investors can shell for it at this point of time. Also, if a crypto exchange shuts down, clients with existing crypto balances have no recourse to get them back. This is what the current scenario says. Let us look at some facts and figures by a few crypto enthusiasts Famous Venture capitalist Tim Draper predicts that bitcoin will reach $250,000 by 2021. He had earlier predicted that it would reach $10,000 by 2017. He p...

Types of ICO tokens ICOs are something that I ’ve been writing about frequently. They have been really impressive and are making their mark in the world. They have been the new buzz word in the financial sector as well in the tech world. Not often have we see the investment bankers and the techies working closely together to develop something interesting until the ICO world started to frame up. These Initial coin offerings raised more money in the first quarter of 2018 itself than the entire of 2017, according to a report from CoinDesk. With USD6.3 billion already raised and a lot more to follow everyone seems to be looking deeply into the functioning and possibilities to raise funds or invest in these tokens for personal gains. But what are these tokens and how does a person deal with them? Or can one use them anywhere apart from exchanges are the common questions. What we have understood and also various reports from the web and our experience that we can classify...

Importance of a white paper for an ICO “A white paper is an authoritative report or a guide that informs readers concisely about a complex issue and presents the issuing body’s philosophy on the matter. it is meant to help readers understand an issue, solve a problem or make a decision,” according to the Wikipedia definition. In simpler terms a White paper is an instrument that helps business explain themselves to people. Information like what problem are they solving, how are they solve it and what is their course of action to achieve the same, is what it explains. They address the business issues, showcase products and can also outline a competitive solution. The four major reasons can be stated as Vision of the Project Sharing technical knowledge The problem Generating Publicity Distribution of business information Attracting prospects The core team and their track record What is an ICO white paper According to www.nasdaq.com an ICO is “ An ICO is...

The question that everyone wants to discuss today is about The Future of Blockchain .  Everybody has had enough of jargans , quotes and gyaan from friends and family about investments in Bitcoins and Cryptocurrencies.  "Is Bitcoin a bubble waiting to burst?" asked many. It could be true or not. I am not going to talk about that in this post of mine. But the base technology is different! It is meant for decentralisation and reducing the transaction times in various fields. You read about so many cryptocurrencies today, they are all over the press. Many frauds and many successful fund raisings. That's not it! There is something much bigger going on than just these currencies and tokens. While the media is busy speculating the future or values of these currencies, beneath all this the developers are trying to solve something important. They have mixed various technologies like, cryptography &  gamification  they have been able to create a system of untra...