The crypto space is vast, and it can be easy to get lost in a sea of terms and definitions. Consider this a brief introduction into this ever-changing universe. By @pwc.com.
Digital assets like cryptocurrencies, NFTs and other tokens are past “emerging” — they’re here to stay.
Blockchains are the technology solutions that enable digital assets. A blockchain is a method of securely recording information on a peer-to-peer network. It’s a shared public database, duplicated across computer systems, in which new entries can be added but existing entries can’t be altered.
The article also deals with:
- Digital asset types
- Crypto assets
- Stablecoins
- Non-fungible tokens (NFTs)
- Central bank digital currencies (CBDCs)
- Security tokens
- Digital asset storage
- The world of digital assets
- Access layer
- Layer 1
- Layer 2
- Functional layer
… and much more. Financial opportunities being built into the options on purchase of a digital asset. Being able to get a loan, insurance or other financial instrument automatically agreed to by a provider via the blockchain. Nice one!
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