The Periodic Table of Blockchain: How to Classify Tokens – CoinDesk
For many years, people used to believe that the Earth consisted of an amalgam of four elements – earth, fire, water and air. It took until nearly 1750 for scientists to realize that fire isn’t an element, but the result of a process.
Later, in 1869, Dmitri Mendeleev unveiled his Periodic Table of Elements, which showed which chemical elements could actually exist, including those not present here on Earth. Mendeleev’s work led to a purposeful search and a synthesis of elements, resulting in breakthroughs in many different industries.
There’s a feeling that people today are doing the same with digital assets – naming them as traditional cryptocurrencies, ICO tokens, utility tokens etc. This leads to the confusion for the media and the wider crowd.
Defining some criteria of digital asset classification will move forward the whole industry and simplify the job of investors and regulators.
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