By Henry C. W. Price with additions from Hugh Lawson-Tancred,  GCEX Research and Advisory Board
By Henry C. W. Price with additions from Hugh Lawson-Tancred, GCEX Research and Advisory Board

Risk Old and New - Crypto has a lot to learn and some things to teach

Digital assets are part of a broader class of financial innovations and arguably originated in e-money and credit card projects in the 1990s. However, a balance of your funds digitised, and accessed through even an ATM for cash, could also make it a ‘digital asset’. Computer-based representations of real-world assets are currently reimagined using tokens and smart contracts.

Digital assets are part of a broader class of financial innovations and arguably originated in e-money and credit card projects in the 1990s. However, a balance of your funds digitised, and accessed through even an ATM for cash, could also make it a ‘digital asset’. Computer-based representations of real-world assets are currently reimagined using tokens and smart contracts. Satoshi Nakamoto’s original proposals essentially remove the central database from digital money, reducing the chances of manipulation and also 3rd party involvement, in a white paper titled “A Peer-to-Peer Electronic Cash System”. Decentralised systems, developed into DLT (Decentralised Ledger Technology), do not usually have a central authority. Bitcoin is the end of a journey for decentralising technology comprising, for example, BitTorrent (the same Bit as Bitcoin), Napster and other file-sharing systems which were prominent in the early 2000s. Another critical element of the philosophy that...continued

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