What Is Cryptocurrency?
28 Citations•2023•
Scott Andrew Yetmar
Journal of Business Theory and Practice
This video explains how non-fungible tokens represent ownership of an exclusive digital asset (e.g., a painting or a song) and how NFT transactions occur on the blockchain.
Abstract
Cryptocurrency burst onto the scene in 2009 with Bitcoin. A person can buy almost anything with cryptocurrency. However, the thousands of cryptocurrencies are highly volatile. The majority of cryptocurrency owners are younger, highly educated males. Cryptocurrency relies on blockchain technology. To add new blocks to the blockchain, they must be mined. Non-fungible tokens represent ownership of an exclusive digital asset (e.g., a painting or a song). NFT transactions occur on the blockchain.