Cryptocurrency Classification

Proof Point

Cryptocoins are currencies built on top of dedicated platforms, while tokens rely on already established blockchain ecosystems

Cryptocurrency Classification

Proof Point Findings

  • Cryptocurrency – Digital or virtual currency that uses cryptography to regulate generation and verify transfer, independent from any central bank
  • Cryptocoins – Native currencies that operate on their own blockchain platforms (e.g. Bitcoin, Ethereum, Ripple, Litecoin, Monero, and Dash)
  • Cryptotokens – Representation of an asset or utility built using an existing blockchain, generated through standard template or smart contract (e.g. EOS, Tron and VeChain on Ethereum blockchain, Tether on Omni, and Ontology on NEO)


Market Disruption


Date Last Updated

June 29, 2018

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