I went to Consensys in New York this past Wednesday and heard Coinbase CEO Brian Armstrong state "We launched our custody 12 months ago, we’ve just crossed $1 billion AUM for institutions, 70 institutions have signed up, adding about $150 million". This Article covers it in depth and what this may mean for institutional investors.
The first post in this series introduced Plasma and state channels as scaling frameworks for Ethereum, along with their caveats and areas of future research. This post will bring you up to speed on the latest developments for different groups working on layer-2 scaling.
The abbreviation meaning Initial Exchange Offering implicates prosecution of project tokensale on a crypto exchange. If explain easier — this is an ICO, in which one or another exchange acts as a guarantor and venue.
Until recently, recurring payments seemed to be impossible to do with cryptocurrencies. Users either had to send their funds to a hosted wallet, pay for months upfront or pay manually every month. Thanks to innovations in smart contracts using meta-transactions, true crypto-subscriptions are now becoming a reality.