There are many different definitions of a startup. More often than not, they include one or several of these elements: a very young company, aimed at solving a specific problem of the potential customer base, designed to grow fast, often leverages technology to gain competitive advantage. At their earliest stages of existence, startups almost always operate at a loss and need investors to stay afloat. There are numerous startups present in the Blockchain (meaning both Bitcoin, and other cryptocurrencies) market, given how young and revolutionary the cryptocurrency technology is.

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