Introduction to Cryptocurrencies

Working individually, choose a sector or industry, review and identify problems, and develop solutions that will involve using blockchain technology. 2. Outline the economic mechanism that will support this cryptocurrency or coin. For example, how the users will be rewarded for validating, facilitating and/or enabling transactions. 3. Describe and detail your crowdfunding plan that will be used to fund the development of the blockchain-based solution. What social benefit the fundraising will serve? How the first investors in this will benefit? How the risks to the early investors can be reduced or mitigated? Will this initial cryptocurrency offering have to be registered with a local regulator or will it qualify as an exemption? 4. Describe transaction processing and tokenization processes using visual aid such as a flowchart or a diagram.