[Translation] The killer app for blockchain: Ethereum token

Killer App of Blockchain: Ethereum Token

Recently, Gnosis launched a token and sold 4% of it for 250,000 ether within 15 minutes. The sales reached 12.5 million dollars, and the token’s market capitalization would amount to 312.5 million dollars (as of May 14, 2017, about 123.56 million dollars).

If killer apps prove to be the essential value of larger technologies, the Ethereum token will undoubtedlyprove to be the essential value of the blockchainblockchain’s intrinsic value.

Blockchain is a secure, decentralized transaction ledger with no risk of tampering. Bitcoin was the first digital currency to store transactions on the blockchain. The designer of Bitcoin introduced a revolutionary way to transfer value without relying on trust in the other party or third-party intermediaries. For the first time in history, it became possible to store transactions and balances in a decentralized manner.

Separating Bitcoin, blockchain technology can be used to create many more types of digital assets.