Blockchain native describes an asset, application, or concept that originates and operates exclusively within a blockchain environment. These elements are designed from inception to leverage the unique properties of distributed ledger technology. Their functionality and existence are intrinsically tied to the specific blockchain protocol they inhabit. This term distinguishes truly decentralized creations from traditional assets merely represented on a blockchain.
Context
The term “blockchain native” is increasingly prevalent in discussions about the true decentralization and innovation within the digital asset space. News often highlights blockchain native applications (dApps) and tokens as indicators of genuine progress beyond mere digitalization of existing financial products. Understanding this concept is vital for discerning the fundamental value and disruptive potential of new crypto projects.
The Ownership Coin model bridges the legal-to-code gap by embedding on-chain governance into a legally binding operating agreement, creating a true decentralized entity.
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