Crypto-Asset Regulation · glossary
A shared record kept by many computers at once, which no one owns. A new entry counts only when enough of those computers agree, and after that nobody can quietly change it. A blockchain is the best-known kind. Definition: Crypto-asset · Chapter 1
Explained in Chapter 1, What a Crypto-Asset Is, and Why the State Cares, of Crypto-Asset Regulation.
A distributed ledger is a shared record kept by many computers at once, and no one owns it. A new entry counts only when enough of those computers agree that it follows the rules. After that, nobody can quietly change it. A blockchain is the best-known kind of distributed ledger.Read Chapter 1, What a Crypto-Asset Is, and Why the State Cares →
Chapter 1 and this glossary are open to everyone; the whole edition is free to read with a free account until 31 January, and it stays open to an account opened by then.Chapter 1 of Crypto-Asset Regulation and this glossary are free to read; the rest of the edition is in the Library, at €12 a month or €79 for a Year Pass.
a digital representation of a value or of a right that is able to be transferred and stored electronically using distributed ledger technology or similar technology (Article 3(1)(5)): in plain words, a token on a shared ledger;Read the definition in the document →
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This term is part of one complete fictional deal, with every document attached and a test after every chapter. Open Crypto-Asset Regulation → · All terms A–Z →