[Translation] How Ethereum Brought About the Crowdfunding Revolution

Ethereum has greatly simplified token issuance. Its success has energized the entire cryptocurrency economy and made crowdfunding for innovative projects easier than ever.

Impact on Smart Contracts and Investments

The importance of smart contracts is evident not only in the amount of assets flowing into investment deals via initial coin offerings but also in the cash flows that flow into Ethereum itself. With the growing awareness of such cryptocurrencies, Bitcoin and Ethereum became notable in 2017. However, it is certain that the ICO boom was the most important development of 2017.

Thanks to smart contract technology, issuance of tokens that are immutable and do not require trust became possible. By this very development, Ethereum came to be recognized as a universal, one-of-a-kind platform capable of issuing tokens.

For the first time, blockchain enabled development and verification of contracts. Those seeking investment could, for the first time, program an automatically immutable token issuance and distribution system, successfully removing the need for trust from the system.