Digital Assets – Prologue
Bitcoin Example
- Of a capped total of 21 m. Bitcoins, 18.77 m. have been "mined"
- Some sources estimate that as many as 3 m. bitcoins (~$38 billion) are irretrievable
- Due to:
- Lost retrieval codes ("private keys")
- Lost USB's where the only records are stored
- Owner death without leaving the private keys accessible to executors or next of kin
Digital Assets – Prologue
Cryptocurrency Market Expanding
- Wealthsimple now offers 34 different cryptocurrencies on its investing platform
- Some popular ones include:
- Etherium
- Litecoin
- Ripple
- Cardano
- Dogecoin
Digital Assets – Prologue
Non‐Fungible Tokens
- Since our last Toolbox Non‐Fungible Tokens have expanded into other asset classes.
- A Non‐Fungible Token is a token stored on the blockchain
- Blockchain itself is a secure distributed database with redundancy, immutability, and clarity into tracking data or ownership.
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