Tokenized Network V. Non-Tokenized Protocol

Some protocols use a native means of value transfer; cryptocurrency protocols, for example, have a native ‘token’ or ‘coin.’ The Bitcoin protocol tracks “Bitcoins” being transferred between each other. There are also uses of blockchain and DLT that do not involve cryptocurrencies or ‘coins.’ Projects such as Hyperledger are helping develop code and architecture standards that can maintain a distributed database without using a native means of value transfer or a ‘coin.’