Proof Point

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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: Blockchain
Source: 

Date Last Updated: July 9, 2018

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