The idea of a Cryptocurrency was first actualized in the late 1990’s as an electronically and anonymously controlled funding system. As the idea grew traction, the concept, with all its possibilities, became more widely accepted and is now referred to as Cryptocurrency. This currency is privately monitored and controlled and as such is often viewed as an alternative currency. The leading Cryptocurrency to be globally launched was the Bitcoin of 2009. To date, there are approximately 200 forms of cryptocurrencies available for purchase on the market. Cryptocurrencies are largely funded through a medium referred to as Initial Coin Offerings or ICO’s. Investors opt to utilize ICO’s as they are largely unregulated and as such minimize the rigors usually associated with these ventures. ISO’s are designed to ensure that initial as well as large scale investors are rewarded with a compensation package. The first recorded ICO was in 2013 for the Mastercoin cryptocurrency.
