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[1] As of Dec. 15, 2022, the CryptoX Digital Asset Classification Standard (DACS) was updated, and the definition of “currency” changed. However, the CryptoX Market Index (CMI) Family will reflect the changes as of the January reconstitution in accordance with its standard methodology. Source
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Digitization refers to the transformation of publicly verifiable ownership, identity, and immutability enabled by blockchain technology. With the growth of the digital economy and crypto native ecosystems, participants increasingly need a way to express their digital identity to facilitate fast, verifiable and censorship-resistant transactions on the blockchain. Although Digitization is
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1. Bitcoin (BTC) is the world’s first cryptocurrency, and the largest by market capitalization. Since launching in 2009, Bitcoin has revolutionized payments with its innovation in blockchain technology, creating a global, borderless, secure, censorship resistant, pseudonymous, permissionless and trustless medium of exchange. Bitcoin’s proof-of-work consensus mechanism makes the Bitcoin network
Read MoreDACS was created in response to the significant growth in terms of the number and types of digital assets offered in the market and the realization that traditional classification standards used for equities and other asset classes could not be adapted accurately to classify digital assets. While DACS is unique
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