COVER This page intentionally left blank THE CRYPTO ENCYCLOPEDIA Coins, Tokens and Digital Assets from A to Z Patrick Schueffel Nikolaj Groeneweg Rico Baldegger Bern Copying and reprinting. This book contains proprietary information, which is protected by copyright. All rights are reserved. However, material in this booklet may be reproduced by any means for educational and scientific purposes without fee or permission with the exception of reproduction by services that collect fees for delivery of documents. This permission is subject to the following conditions: (i) the customary acknowledgment of the source is given; (ii) the material may not be used for any commercial purposes without the author’s prior written consent; (iii) the copies must retain any copyrights or other intellectual property notices contained in the original material. This consent does not extend to other kinds of copying for advertising or promotional purposes, or for resale. Requests for permission for commercial use of material should be addressed to the Professor Patrick Schueffel, School of Management Fribourg (HEG-FR), Institute of Finance, Chemin du Musée 4, 1700 Fribourg, Switzerland. Requests can also be made by e-mail to:
[email protected] © 2019 by Patrick Schueffel. All rights reserved. In cooperation with School of Management Fribourg (HEG-FR) HES-SO // University of Applied Sciences and Arts Western Switzerland Visit the School of Management Fribourg home page at http://www.heg-fr.ch/EN Published in Switzerland ISBN 978-2-940384-47-1 PREFACE The subject of cryptocurrencies, tokens and digital assets is an emerging field. It attracts an increasing amount of attention in the world of business as well as academia. When a new subject is developing, it is important to use one common language, otherwise unavoidably misunderstandings emerge, and communication would become error prone and thus inefficient. Under those circumstances progress would hardly be possible, and the advancement of the field would seriously be hampered. Throughout many talks at conferences, in sessions with investors, throughout lectures at university, and in further education courses for practitioners, we came across many occasions of misunderstandings. These misunderstandings gave rise to the thought of sharing our point of view when discussing crypto. In order to help creating a shared terminology we wrote this book. Drawing on a wealth of experience in the field of cryptocurrencies as founders, entrepreneurs, educators, and researchers we intended this book as a single, consolidated and authoritative source on that subject. We hope it will serve this purpose Patrick Schueffel Nikolaj Groeneweg Rico Baldegger This page intentionally left blank