--- title: "Blockchain 101: Cryptoassets and Smart Contracts" description: In Blockchain 101, you'll learn how there are more than 20,000 cryptoassets, the concept of smart contracts, how cryptocurrencies are taxed, purchased, and their benefits. image: https://ebrandme.biz/hubfs/Blockchain%20101%20Cryptoassets%20and%20Smart%20Contracts.png --- [Skip to content](https://ebrandme.biz/blog/blockchain-101-cryptoassets-and-smart-contracts#main-content) # eBrand Me - [Home](https://ebrandme.biz) - [About](https://ebrandme.biz/about) - [Services](https://ebrandme.biz/services) - [Digital Marketing Consulting](https://ebrandme.biz/digital-marketing-consulting) - [Business Directory Listing](https://ebrandme.biz/business-directory-listing) - [Search Engine Optimization](https://ebrandme.biz/search-engine-optimization) - [Content Marketing](https://ebrandme.biz/content-marketing) - [Lead Generation](https://ebrandme.biz/lead-generation) - [Website Design](https://ebrandme.biz/website-design) - [Blog](https://ebrandme.biz/blog) - [Contact](https://ebrandme.biz/contact) - [Schedule a free consultation](https://ebrandme.biz/meetings/ljean-louis) ![](https://ebrandme.biz/hubfs/Blockchain%20101%20Cryptoassets%20and%20Smart%20Contracts.png) # Blockchain 101: Cryptoassets and Smart Contracts ![Lawrence Jean-Louis](https://ebrandme.biz/hubfs/Lawrence_Jean-Louis.jpg) [Lawrence Jean-Louis July 18, 2023](https://ebrandme.biz/blog/author/lawrence-jean-louis) - [Stock Market](https://ebrandme.biz/blog/tag/stock-market) - [Investing](https://ebrandme.biz/blog/tag/investing) - [Cryptocurrency](https://ebrandme.biz/blog/tag/cryptocurrency) - 2 mins Remember [Investing 101: How Investing Works](https://www.linkedin.com/pulse/investing-101-how-works-lawrence-jean-louis)? This week, I present to you Blockchain 101. I recommend that you bookmark both as I’ll be updating each with the goal of providing evergreen content. It’s interesting to think about the [history of beads as a form of currency](https://www.beyouteous.com/blogs/random-musings/a-history-of-beaded-jewelry-ancient-to-contemporary) in contrast to the future of crypto and decentralization. --- [What Are Cryptoassets?](https://www.linkedin.com/pulse/what-cryptoassets-lawrence-jean-louis) More than 20,000 different cryptoassets exist… but what does the term even mean? We’ll start here with Bitcoin which was released in 2009. We’ll discuss also the concept of smart contracts which was introduced by Nick Szabo in 1997. [How are Cryptocurrencies Taxed?](https://www.linkedin.com/pulse/how-many-cryptocurrencies-taxed-lawrence-jean-louis) Learn how the IRS treats taxation of cryptocurrencies. Depending on the length of time you’ve held the asset, you’re liable for short or long term taxable gain or loss. [How Do You Purchase Cryptocurrencies?](https://www.linkedin.com/pulse/how-do-you-purchase-cryptocurrencies-lawrence-jean-louis) To purchase cryptocurrencies you’ll need a broker or cryptoexchange. Once you’ve done that, open your account, fund your account and start trading. [What are the Advantages and Disadvantages of Investing in Cryptocurrencies?](https://www.linkedin.com/pulse/what-advantages-disadvantages-investing-lawrence-jean-louis) We covered the definition of assets, how they’re taxed, you know where to purchase. Learn the advantages and disadvantages of investing in cryptocurrencies. One advantage is that, like gold, many see cryptocurrencies as offering protection against inflation. [What are Smart Contracts?](https://www.linkedin.com/pulse/blockchain-what-smart-contracts-lawrence-jean-louis) Learn about smart contracts and discover several use cases. You’ll once again encounter Nick Szabo, who conceptualized a digital currency called Bit Gold in 1998. [What are the Benefits of Smart Contracts?](https://www.linkedin.com/pulse/blockchain-what-benefits-smart-contracts-lawrence-jean-louis) Blockchain, cryptoassets and smart contracts will play a key role in a decentralized future that will span areas such as digital identity and financial data recording, trade finance, real estate, supply chain, insurance and more. --- Ready to invest in digital marketing for your business? [Let's work together](https://meetings.hubspot.com/ljean-louis) to create a plan designed around optimizing your business directory listings, while incorporating search engine optimization (SEO), content marketing, search engine marketing, lead generation and website design to ensure that your accounting practice is optimized to help you reach your goals. ![Lawrence Jean-Louis](https://ebrandme.biz/hubfs/Lawrence_Jean-Louis.jpg) ### Lawrence Jean-Louis [mailto:ebrandmeseo@gmail.com](mailto:ebrandmeseo@gmail.com) ## Latest posts - [ALL POSTS](https://ebrandme.biz/blog/all) [![Ancient Egyptian Pottery & Stoneware: Function Meets Form](https://ebrandme.biz/hubfs/Ancient%20Egyptian%20Pottery%20%26%20Stoneware%20Function%20Meets%20Form.jpg)](https://ebrandme.biz/blog/ancient-egyptian-pottery-stoneware-function-meets-form) [Economies](https://ebrandme.biz/blog/tag/economies) [Trade](https://ebrandme.biz/blog/tag/trade) Dec 10, 2024 8:00:00 AM ### [Ancient Egyptian Pottery & Stoneware: Function Meets Form](https://ebrandme.biz/blog/ancient-egyptian-pottery-stoneware-function-meets-form) [![Ancient Egyptian Jewelry: Adornment & the Afterlife](https://ebrandme.biz/hubfs/king-tut-mask.jpg)](https://ebrandme.biz/blog/ancient-egyptian-jewelry-adornment-the-afterlif) [Economies](https://ebrandme.biz/blog/tag/economies) [Trade](https://ebrandme.biz/blog/tag/trade) Dec 3, 2024 8:00:00 AM ### [Ancient Egyptian Jewelry: Adornment & the Afterlife](https://ebrandme.biz/blog/ancient-egyptian-jewelry-adornment-the-afterlif) # eBrand Me eBrand Me is a digital marketing agency offering Marketing & Consultative Services to CPAs and tax professionals. © 2026 eBrand Me - [Home](https://ebrandme.biz) - [About](https://ebrandme.biz/about) - [Services](https://ebrandme.biz/services) - [Contact](https://ebrandme.biz/contact) --- - Terms and Services - Privacy Policy [Follow us on LinkedIn](https://www.linkedin.com/company/ebrandme/) [Follow us on Twitter](https://www.twitter.com/ebrandmeseo) [Follow us on Facebook](https://www.instagram.com/ebrandme/) [Follow us on Facebook](https://www.facebook.com/ebrandme) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Lawrence Jean-Louis", "url" : "https://ebrandme.biz/blog/author/lawrence-jean-louis" }, "dateModified" : "2023-12-10T13:55:34.583Z", "datePublished" : "2023-07-18T12:00:00.000Z", "headline" : "Blockchain 101: Cryptoassets and Smart Contracts", "image" : [ "https://ebrandme.biz/hubfs/Blockchain%20101%20Cryptoassets%20and%20Smart%20Contracts.png" ], "mainEntityOfPage" : { "@id" : "https://ebrandme.biz/blog/blockchain-101-cryptoassets-and-smart-contracts", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://ebrandme.biz/hubfs/eBrand%20Me%20Logo-3.png" }, "name" : "eBrand Me" } } ```