All classifications in this world lack sharp boundaries, and all transitions are gradual.
—Aleksandr Solzhenitsyn
Note this book’s recurrent use of the word cryptoasset rather than the more common term cryptocurrency. This distinction is purposeful, as cryptoassets encompass many more assets than only those meant to be currencies.
Formally, cryptoassets are digital assets secured by cryptography on a public ledger and created, managed, and exchanged on decentralized peer-to-peer networks.1 In comparison, cryptocurrencies ...
