Cryptocurrency Categories

Proof Point

Cryptocurrencies can be broadly categorized as medium for exchange, platform enabler, or means to acquire services

Cryptocurrency Categories

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 – Functions as store of value, payment system or medium of exchange (e.g. Bitcoin, Litecoin, Zcash, Monero, Dash, and Tether)
  • Platform – Uses cryptocurrency to provide core infrastructure where blockchain-based applications are built (e.g. Ethereum, Ethereum Classic, NEO, NXT, Ark, and Stratis)
  • Application – Works as industry or function-specific blockchain-based use-case (e.g. Ripple for cross-border remittances, Stellar for financial services, BAT for digital advertising, TRON for social media, Iota for Internet-of-Things, and Augur for predictive intelligence)


Market Disruption




Date Last Updated

July 3, 2018

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