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Cryptoassets - Coggle Diagram
Cryptoassets
Glosario
Coin: is issued on the crypto-asset developer’s platform (bitcoin on Bitcoin, ether on ethereum)
Token: crypto-assets residing on existing other blockchain and not on developers blockchain (fliecoin on ethereum). También tienen más funciones que las coins aparte de money and payments-related functions
Digital asset: electronic record in which an individual has a right or interest. They do not exist in physical form. The electronic record is the asset
Digitised asset is an asset (may be a security or physical asset) the ownership of which is represented in an electronic record (e.g. ownership of real estate represented on a digital ledger). It is an electronic record of ownership of the asset.
Tokenisation: The process of digitising assets. Digital and digitised assets are represented on an electronic ledger that is not necessarily a blockchain.
Distributed ledger technology (DLT): Technology that allows a repeated digital copy of the ledger of transactions. DLT is built upon public-key cryptography (publicly known and essential for identifcation) and confdential private-keys, which are used for authentication and encryption during transactions (i.e. transfer of funds). Blockchain is one type of DLT but there are others (DAG, Tempo).
Fungible tokens: are easily replaced by identical tokens. Don’t have unique characteristics nor are digitally scarce
Non-fungible tokens: are not easily replaced by identical tokens because they offer unique characteristics and are digitally scarce
Mining: process of establishing consensus to verify and confirm transactions within a DLT. It occurs during the update of new transactions on the distributed ledger (e.g. blockchain) and entails the solving of cryptographic puzzles. Solving the puzzle (i.e. first participant to solve) is a pre-requisite for updating transactions on the blockchain distributed ledger. Mining is also part of the process of increasing the overall supply of crypto-assets in circulation.
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Ricardian Contract: document that outlines the intentions and the actions that will be undertaken in the smart contract. The Ricardian Contract is the best effort to record the agreement; smart contract is the execution of the said agreement
Smart contracts: computer programs that are capable of carrying out the terms of an agreement between parties without the need for human coordination or intervention (e.g. an insurance smart contract that initiates payment if there is a flight delay)
Taxonomía
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Stablecoins that can also be classifed as payment tokens or security tokens or asset tokens or hybrid tokens
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Simplifed Agreement for future tokens (SAFTs) - as outlined below, SAFTs are linked to crypto-assets and are
securities.
Usos
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Confer economic benefts related to participation in network confguration or consumption of network products or services (utility)