Proof Point
Cryptocurrencies often have multiple complementary attributes, such as payments, proof of ownership, rewards, and protection
Cryptocurrency Attributes
as of May 2018
Proof Point Findings
- Cryptocurrency – Digital or virtual currency that uses cryptography to regulate generation and verify transfer, independent from any central bank
- Currency – Used as a payment system in purchasing goods and services, or peer-to-peer exchanges (e.g. Lightning Bitcoin, Ethereum, Ripple and Litecoin)
- Digital Rights – Provide proof of ownership to external assets, either physical or digital (e.g. Tether, Bytom and DGX)
- Equity – Represent ownership stake and/or rights to participate in decision-making (e.g. TRON, Neo, Polymath and DigixDAO)
- Store of Value – Retain purchasing power, allowing storage and retrieval for future use (e.g. Bitcoin, Zcash, Litecoin and Ethereum Classic)
- Rewards for Participants – Allot coins or tokens to members for participating in blockchain applications (e.g. Bitcoin, Filecoin, SteemIt and BAT)
- Payment for Using a System – Payment for using blockchain applications, such as deploying smart contracts or completing transactions (e.g. Bitcoin, Ethereum, Ripple and Filecoin)
- Privacy – Prevent ability to track spend activity by anonymizing senders and receivers (e.g. Monero, Dash, Zcash and PIVX)
- Preventing Attacks – Address potential attacks from spamming and denial of services (e.g. Bitcoin, Stellar and Iota)
- Means of Accounting – Measure productivity, as well as transactions completed (e.g. WePower, Augur and Labour Hour)
|
Accelerator |
|
|
Market Disruption |
|
|
Sector |
Cross-sector
|
|
Source |
|
|
Date Last Updated |
July 9, 2018
|
