Blockchain 101 Episode 69 – Classification and Application of Blockchain Projects

Judging from the current mainstream blockchain project, There are 4 main types of Blockchain projects

First: Cryptocurrencies
Second: Platforms
Third: Utility Tokens
Fourth: Asset Tokens

Cryptocurrencies serve as a medium of exchange in the blockchain world. A medium of exchange is a tradable entity such as gold or bank notes etc.

Platform project is the building of a technical platform To allow different blockchain applications to be developed, while lowering the barriers to entry.

Utility token projects encompass a wide range of fields such as finance, social, gaming and IP rights etc. It is also the fastest growing area of blockchain projects.

Asset Tokens are the digital equivalent to physical assets, tokenizing physical assets records onto the blockchain.

Next up, Bitboy will present to you the various representatives of different blockchain projects.