Naslov
Technical Analysis of an Initial Coin Offering

Autori
Hrga, Alen ; Benčić, Federico Matteo ; Podnar Žarko, Ivana

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Skup
2019 15th International Conference on Telecommunications (ConTEL)

Mjesto i datum
Graz, Austrija, 2019

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
Blockchain ; distributed ledger technology ; Ethereum ; initial coin offering

Sažetak
Initial Coin Offering (ICO) is a process similar to crowdfunding, in which companies raise funds from investors, who in return receive tokens or digital assets. With conventional methods of crowdfunding, the level of transparency depends on a centralized platform used in campaigns. With the emergence of peer-to-peer digital currency systems, also known as cryptocurrencies, it became possible to implement crowdfunding campaigns in a fully transparent way for investors. Public sales of blockchain digital assets are known as crowdsales which are implemented using blockchain smart contracts. The paper presents a solution for automating ICO processes implemented using the Ethereum blockchain and explain the basics of crowdsale token sale flow. Next, we analyze features vital for transparent ICO execution as well as the benefits and costs of running an ICO on cryptocurrency application platforms.

Izvorni jezik
Engleski

Znanstvena područja
Računarstvo

POVEZANOST RADA