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For most of the history of blockchain-based currencies and assets, the story has been all about Bitcoin. In roughly the blockchainbased next internet millionaire 12 months, the number of cryptocurrencies listed on CoinMarketCap.

As of the June 4 snapshot, there were cryptocurrencies and other digital assets listed on the main CoinMarketCap page. Between January 3, — the first snapshot of — and June 5,the number of cryptographic assets listed on CoinMarketCap grew from toan increase of about 56 percent in almost exactly 18 months.

As the chart shows, the pace of growth in the number of crypto-backed assets is itself growing. Based only on the listings on CoinMarketCap, 80 percent of the growth in the number of cryptographic assets over the past 18 months took place since January 1, Bymost of the forks were off of Litecoinwhich is based on Scrypt. Remember the goofy, meme-based Dogecoin?

That was a fork of Litecoin. The goal was to create cryptocurrencies as valuable, or at least as lucrative, in the short-run, as Bitcoin.

If the forkable, derivative-by-design nature of cryptocurrencies explains the breadth of the ecosystem, what explains the growth in value? Part of it is surely market speculation, and another part of it is that cryptocurrencies and blockchainbased next internet millionaire blockchain-based assets do have real-world applications today. But another part comes from cryptocurrency entrepreneurs wising up to the fact that their little upstart protocols, in order to be valuable, needed to have an ecosystem built around them.

That, of course, takes time and money. There are two ways of blockchainbased next internet millionaire this. Once their new cryptocurrency hit an exchange, and thus had a price, this private stash of coins would then have value, enough to sell for Bitcoin or fiat, which could then sustain a project until the ecosystem of wallets and blockchainbased next internet millionaire around their cryptocurrency became self-sustaining and community-driven.

Today, though, the fundraising mechanism of choice appears to be the initial coin offering. As Alex Wilhelm explained in an article for TechCrunch:. Although the mechanics of ICOs have been in practice for several years, the name and label for initial coin offering events has only gained some currency recently.

And the ICO market has really hit a hockey-stick growth trajectory. Back then, early speculators in Bitcoin, flush with newfound crypto-fortune, plunged their money back into emerging cryptocurrencies.

This was done partially for fun see Dogecoin and other novelties blockchainbased next internet millionaire also to chase the same kind of returns they enjoyed from Bitcoin investments.

For now, that bull run has continued unabated. What explains the price increase? Bitcoin is a relatively bare-bones blockchain system that requires layers of protocols to be built on top of it to make it a usable platform for utilities like smart contracts. Platforms blockchainbased next internet millionaire Counterparty and Omni are both blockchainbased next internet millionaire on the Bitcoin blockchain and have sprouted their own collection of digital assets and services that ride on top of them.

Ethereum, on the other hand, was launched with its own scripting language baked in, making it blockchainbased next internet millionaire to build complex smart contracts, decentralized autonomous organizations DAOsdecentralized blockchainbased next internet millionaire apps DApps and even other cryptocurrencies with relative ease. This ease of development, combined with the rising price of Ether and a desire by early stakeholders to re-invest in the Ethereum ecosystem, has made Ethereum the platform of choice for crypto-asset entrepreneurs — at least for now.

From zero percent of the monthly asset offerings less than a year ago, to more than half of all the closed or announced ICO events tracked on that page, the growth of Ethereum is impressive. The table lists names, blockchain platforms, market capitalizations and prices of some assets. Although roughly a third of blockchainbased next internet millionaire assets listed blockchainbased next internet millionaire built on Ethereum, just over three-quarters of the market value of all of these assets is tied up in assets built on top of the Ethereum platform.

This blockchainbased next internet millionaire roughly half of all the value attached to Ethereum-based assets and more than a third of all the market value of crypto-backed assets and tokens in general. The value of crypto-assets listed on CoinMarketCap is divided between those built on Omni and those built on Counterparty. Ethereum is the platform of choice because it offers a blockchain platform with a built-in abstraction layer, which serves to unify the ecosystem.

Ethereum offers the tantalizing promise of one chain to rule them all, or at least one chain to act as the foundation. Ether traders, entrepreneurs and developers alike are keen to let a thousand tokens, DApps and DAOs bloom because, although each of these assets is distinct, their roots run deep and ultimately back to Ethereum.

Jason Rowley is a venture capital and technology reporter for Crunchbase News. More posts by this contributor What did VCs study in college? Charting the adoption of direct startup investments by family offices.

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Altucher is just one of a growing number of internet self-help gurus that have embraced bitcoin as the future, a way for you — yes, you — to get rich. It's a pitch built on a dangerous combination: Dreams of riches and ignorance of a new, highly volatile market. As the price of bitcoin has soared in recent months, Altucher's face has begun to pop up all over the internet to promote his get-rich-quick-off-bitcoin plan.

His likeness is now so common around the internet that people are starting to notice him. Banner ads, YouTube ads, paid search results — he's become the "bitcoin ad guy. This isn't terribly surprising. Neeraj Agrawal, director of communications at Coin Center, a cryptocurrency policy thinktank based in Washington, D.

These are same investment advice schemes we have seen for decades in the stock market but now in a shiny new cryptocurrency wrapper," Agrawal wrote in an email. Why does the Bitcoin ad guy look like Ted Mosby in college? Altucher may have inadvertently turned into something of an internet joke, but his career as a self-help author and financial expert were once reasonably legit. A New York Times profile from August called him a "former tech entrepreneur, venture capitalist and financial pundit [who] has reinvented himself as a gimlet-eyed self-help guru.

That was before he jumped on the bitcoin boom. He's also started a "Crypto Trader" newsletter that claims will "be your guide through the explosive digital currency market and find you the best currencies to invest in today.

This ad was in a NYTs article about Bitcoin plummeting. Altucher's sudden internet celebrity comes just as the bitcoin boom appears to have peaked. The cryptocurrency has turned once-flailing business owners into millionaires and fueled dreams of overnight fortunes built on bitcoin's seemingly unstoppable rise.

Google searches for bitcoin now outpace searches for the Kardashians. A frenzy like bitcoin is inevitably followed by scammers and bullshit artists who prey on misunderstanding, confusion, and dreams of sudden riches.

Altucher, whether he really deserves it or not, is now one of the faces of that growing online industry, looking to make money off people's bitcoin fever. Pierre Rochard, a software engineer and cofounder of the Satoshi Nakamoto Institute , said that he's noticed the rise of these kinds of "gurus," who generally just collect and package information.

There's no shortage of people willing to pontificate on the future of cryptocurrencies, but no one knows what will become of the volatile coin just as no one can predict any market — let alone one as new and volatile as bitcoin. Anyone who claims otherwise is a scammer. It doesn't help that Altucher's growing notoriety has coincided with the recent correction in which bitcoin shed thousands of dollars in value. Altucher is far from alone.

Tai Lopez , another self-help "guru," has embraced bitcoin and started making money off investment advice — something that hasn't benefitted people who invested after the cryptocurrency peaked. Teeka Tiwari, like Altucher, charges big bucks for a newsletter that recommends buying certain cryptocurrencies. I hope nobody really sent them any money. It all seemed geared toward the Florida Retiree Crowd, if you know what I mean," wrote a particularly unsatisfied customer who had been attracted by Tiwari's offer of giving away a billion dollars worth of bitcoin.

This fucking bitcoin genius is every fucking where! Are people really paying this guy for his shitty reports and products? Agrawal recommended that people do their own research and learn about cryptocurrencies — and resist getting seduced into viewing any investments as a way to get rich. And, in general, it's always good to be skeptical of anything promising a guaranteed return like Altucher's plea: We're using cookies to improve your experience.

Click Here to find out more. Tech Like Follow Follow. And all you have to do is subscribe to their newsletters. People are spending millions on virtual CryptoKitties.

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