Cryptocommodities and Cryptotokens
Cryptocurrencies are a powerful vertical of cryptoassets, but as we laid out in the start of the last chapter, only one of three. The other two, cryptocommodities and cryptotokens, are a rapidly growing segment of this budding new asset class. First, let’s look at cryptocommodities.
In some ways, cryptocommodities are more tangible in value than cryptocurrencies. For example, the largest cryptocommodity, Ethereum, is a decentralized world computer upon which globally accessible and uncensored applications can be built. It’s easy to appreciate the value of using such a computer, and therefore Ethereum provides a digitally tangible resource. Paying to use Ethereum’s world computer—also known as the ...