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What is a digital asset (meaning of digital asset)

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A digital asset is a virtual item with currency attributes, according to officia

What is a digital asset (meaning of digital asset)

A digital asset is a virtual item with currency attributes, according to official sources. Its value is determined by various factors, such as the issuer, users, and changes in ownership; the means of exchange (such as fiat currency), storage methods, and payment methods between parties or individuals. In traditional markets, the impact on the volatility of commodity prices is achieved through encryption technology, which is often caused by the rise in coin prices. In addition, taking Bitcoin as an example, when people purchase a certain digital asset, it automatically converts into another digital token for trading, making the price of the digital asset more than double that of any other currency. Therefore, investors can gain profits by buying and selling this digital asset.

Meaning of digital asset

According to a report by Cointelegraph, at the 2018 Global Digital Currency Summit, David Gan, a contributor to Forbes and editor-in-chief of Times of England, believed that Bitcoin and other cryptographic assets have surpassed the scope of the financial system.

For the general public, the term “digital asset” is not a new concept, as there are currently two types of tokens in the market: fiat currency and “non-fungible tokens”. Specifically, these include what we are familiar with as “digital gold” and “electronic cash”, which are composed of valuable and scarce assets supported by blockchain technology.

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