Welcome Back!
To connect with us please log in with your personal information.
All About Digital Assets
< 1 Min Read
Total Words: 248
GreatX
Co-Founder
Facebook
Twitter
LinkedIn
Reddit
WhatsApp
- Published on January 9, 2023
- Location: USA
There’s a growing list of names like bitcoin, crypto, stablecoins, etc. You may hear them frequently when trying to understand the emerging digital asset class. But what do they mean? And what are the differences? Let’s tackle all the questions one at a time.
Please Log In or Sign Up to continue reading ...
This blog will take you through each nuanced digital asset’s clear-cut definitions and capabilities. Let’s get started.
What are digital assets?
Simply put, digital assets are electronic data files that can be owned and transferred. They are also a way of storing intangible content such as computerized artwork, videos, etc. The past decade has seen significant and novel changes in digital assets, and now they can be used as currencies to make transactions.
Who is using digital assets?
Nearly everyone. The broad term used to describe all digital assets in the finance industry is ‘digital currency.’ The basic functionality of digital currencies is very similar to that of timeless physical currency.
Many companies have issued their currencies. These are often called tokens and can be traded specifically for the good or service that the company provides. GreatX tokens are one of the examples.
How did digital assets evolve?
Talks of digital currency date back well before 2008. However, in 2008, Bitcoin was the first recognized digital currency.
The revolutionary feature of Bitcoin and other digital assets is the ability to perform currency transactions without the need for intermediaries. This has significantly reduced the time and costs of any payment transaction. Cryptocurrencies are a form of payment that can be exchanged online for goods and services.
How are digital assets bought, held, and sold?
If you own digital assets, their records are held securely on a blockchain database. These digital currencies are decentralized, meaning there is no central bank or administrator that governs them.
This structure gained popularity and preference because there was no need to go to a central party, like a bank or a broker, to transfer digital assets. This makes transactions quicker and easier.
What is blockchain technology?
You can think of a blockchain as a type of electronic ledger. In it, digital asset transaction records are stored in data blocks. These are “chained” together in a specific order and protected using complex computer “hash” codes. Hence the name.
What are the types of digital assets/currencies?
With the growing popularity of digital currencies came several inventions. There are over 18,000 cryptocurrencies in existence as of today. Here are a few examples of digital assets.
Bitcoin
The world’s first cryptocurrency is also the largest in market share(>40%)and valuation. The currency is also accepted as legal tender across multiple nations.
Ether
Ether is the prevalent cryptocurrency in Ethereum – the world’s largest blockchain network.
Cardano
Launched in 2017, the ADA token named after French mathematician Ada Lovelace has exceeded a market cap of $71 billion.
Dogecoin (DOGE)
It launched in 2013 and now has a market cap of over $33 billion.
Monero
It presents itself as a secure, private, and untraceable currency. Launched in April 2014, this is an open-source cryptocurrency, and its creation was donation-based and community-driven.
What are GreatX tokens?
GreatX tokens, an offering by GreatOne, is enabling the tokenization of real estate investment. It converts the value of real estate into a token stored on a blockchain, allowing digital ownership and transfer.
They are the first digital tokens focused on savings as an institutional-grade investment opportunity. Outside of stablecoins, existing tokens come without any protection or government assistance and are known to be volatile. But GreatX tokens are backed by the U.S. Treasury Bond, making them more secure and reducing investment risks significantly. GreatX enables global investors to own a hotel room of their choice in the U.S. while having the peace of mind that their capital amount is 100% protected.
Disclaimer
This commentary is provided as general information only and is in no way intended as investment advice, investment research, a research report or a recommendation. Any decision to invest or take any other action with respect to the securities discussed in this commentary may involve risks not discussed herein and such decisions should not be based solely on the information contained in this document.
Statements in this communication may include forward-looking information and/or may be based on various assumptions. The forward-looking statements and other views or opinions expressed herein are made as of the date of this publication. Actual future results or occurrences may differ significantly from those anticipated and there is no guarantee that any particular outcome will come to pass. The statements made herein are subject to change at any time. GreatX disclaims any obligation to update or revise any statements or views expressed herein.
In considering any performance information included in this commentary, it should be noted that past performance is not a guarantee of future results and there can be no assurance that future results will be realized. Some or all of the information provided herein may be or be based on statements of opinion. In addition, certain information provided herein may be based on third-party sources, which information, although believed to be accurate, has not been independently verified. GreatX and/or certain of its affiliates and/or clients hold and may, in the future, hold a financial interest in securities that are the same as or substantially similar to the securities discussed in this commentary. No claims are made as to the profitability of such financial interests, now, in the past or in the future and GreatX and/or its clients may sell such financial interests at any time. The information provided herein is not intended to be, nor should it be construed as an offer to sell or a solicitation of any offer to buy any securities. This commentary has not been reviewed or approved by any regulatory authority and has been prepared without regard to the individual financial circumstances or objectives of persons who may receive it. The appropriateness of a particular investment or strategy will depend on an investor’s individual circumstances and objectives.
About the Author
GreatX
Co-Founder
Kong Posh Bhat is a seasoned technologist with 25 years of extensive experience in software engineering, systems engineering, offshore product development, and M&A. Kong Posh has 15 USPTO patents to his name, mainly in the areas of machine learning, pattern identification, software upgrade, remote device management, and media data delivery control.
About the Company
GreatX is a new-age wealth creation digital asset backed by the full faith and safety of U.S Treasury Bonds. These digital tokens are revolutionizing legacy products with modern instruments to open global avenues, especially for investors across the globe who are interested in investing in the U.S. GreatX enables global investors to own real estate in the U.S and earn guaranteed returns, assured security, and unmatched benefits. GreatX are smart securities democratizing wealth through decentralization and opening the gates of opportunity to a global audience.
Subscribe
Subscribe to our newsletter to get the latest news and updates.
Invitation to Participate
Join us and experience a better way of owning long-term return-yielding assets in the U.S.
Recent Posts
GreatX belongs to the family of www.great.one
