The cryptocurrency world is full of jargon. You’ve got your non-fungible tokens (NFT), your Ethereum, your Solana, your know-your-customer (KYC), your altcoins, your stablecoins – not to mention where it all started: bitcoin.
If all this jargon had a home, it would be the metaverse, or the parallel digital world in which cryptocurrency and NFTs are transactable. And the metaverse would not be possible without blockchain, the system of decentralized databases upon which all interactions are coded and stored into perpetuity.
This article originally appeared in Crypto for Advisors, CoinDesk’s weekly newsletter defining crypto, digital assets and the future of finance. Sign up here to receive it every Thursday.
In the proverbial chicken-or-egg debate, cryptocurrency and blockchain happened simultaneously, says Robert Konsdorf, the CEO of Facings, a Michigan-based company that creates user-friendly blockchain publishing tools. Bitcoin was both the first publicly debuted blockchain and the first cryptocurrency. Some 12 years ago, its inventor, the pseudonymous Satoshi Nakamoto, authored a famous document known simply as the Bitcoin white paper describing the concept for the world.
Continue reading: https://www.nasdaq.com/articles/demystifying-blockchain-for-your-clients
If all this jargon had a home, it would be the metaverse, or the parallel digital world in which cryptocurrency and NFTs are transactable. And the metaverse would not be possible without blockchain, the system of decentralized databases upon which all interactions are coded and stored into perpetuity.
This article originally appeared in Crypto for Advisors, CoinDesk’s weekly newsletter defining crypto, digital assets and the future of finance. Sign up here to receive it every Thursday.
In the proverbial chicken-or-egg debate, cryptocurrency and blockchain happened simultaneously, says Robert Konsdorf, the CEO of Facings, a Michigan-based company that creates user-friendly blockchain publishing tools. Bitcoin was both the first publicly debuted blockchain and the first cryptocurrency. Some 12 years ago, its inventor, the pseudonymous Satoshi Nakamoto, authored a famous document known simply as the Bitcoin white paper describing the concept for the world.
Continue reading: https://www.nasdaq.com/articles/demystifying-blockchain-for-your-clients
