Abstract
This paper, which is intended for a nontechnical audience, aims at explaining the blockchain technology and addressing misconceptions about crypto-assets. We define crypto-assets as all assets that are based on a distributed blockchain. The greatest misunderstanding consists of the fact that not all crypto-assets are cryptocurrencies. It is true that each distributed blockchain has a native currency. However, it primarily serves as an incentive mechanism for individuals to maintain and update a network. Crypto-assets can also be used as a means of cloud storage or cloud computing. Understanding how different crypto-assets interact with blockchain and what other purpose (if any) the native currency fulfills is key to establishing a comprehensive classification. Crypto-assets present two main categories: blockchain and protocol crypto-assets. Each main category presents several subgroups that are discussed in detail throughout this paper.
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