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.

 They start to believe that everything containing crypto- or token- is magic and possesses some kind of new features and monetary model. Regulators are the last to catch up, sometimes allowing everything that looks innovative, without deep analysis of the matter.

Defining some criteria of digital asset classification will move forward the whole industry and simplify the job of investors and regulators.

Source: The Periodic Table of Blockchain: How to Classify Tokens – CoinDesk

Het bericht The Periodic Table of Blockchain: How to Classify Tokens – CoinDesk verscheen eerst op Arkor.

You may also like...