Vaporware is a term used to describe the concept of software or hardware products that are advertised, but never actually released for sale. This can be due to different reasons such as running out of funding, delays in development, or a lack of features necessary for release. The term “vaporware” has been around since the early 1980s when it was used to describe over-hyped computer hardware and software products that were announced but failed to ship on time. It has recently become more relevant in cryptocurrency circles because some projects have made big announcements about their product but failed to deliver on time or at all.
For example, Ethereum was first introduced in 2013 with an announcement that its platform would revolutionize how people interact with smart contracts and applications powered by blockchain technology. While there have been many successful developments built upon Ethereum’s platform since then, there have also been several vaporware projects within this space as well. One notable project is Tezos which raised millions of dollars during its initial coin offering (ICO) yet failed to launch on schedule due to internal disputes between founders and developers leading up until 2018 when finally launched on mainnet after years of delays.
There are other examples too such as EOS which raised billions through its ICO only for the project’s development team not meeting expectations while simultaneously being accused of insider trading; similarly, Tron had numerous problems related to scalability issues during its token sale process back in 2017 causing much delay before it eventually went live later that year .
It is important for investors who wish to participate in Initial Coin Offerings (ICOs) or any other cryptocurrency investments understand what constitutes a legitimate project from one considered ‘vapourware’. Before investing into any cryptocurrency project do your own research by making sure the company behind the offer exists legally and ethically; read whitepapers detailing technical information about the proposed product/service; evaluate past experience from those involved with similar previous ventures; verify claims made by third-party sources regarding partnerships/associations etc.; track progress via blog updates & social media accounts etc., and lastly speak directly with representatives if possible prior committing funds towards anything related crypto asset investments – particularly those involving high risk coins/tokens like ICOs!
