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Opinion: Digital Assets and Blockchain Through an Economics Lens

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Abstract

It seems like everyone is talking about "crypto" these days. The word spans a diverse array of financial products and services, which collectively I'll refer to as "digital assets." Digital assets have developed into a complicated ecosystem, with a foundation in blockchain technology. Blockchain is a decentralized and distributed database, similar to a massive virtual ledger where each block is an entry. A blockchain can often be public and permanent, meaning no one owns it, everyone can see everyone's accounts, and transactions, which are updated in real time, cannot be reversed once they are confirmed.

Suggested Citation

  • Anna Kovner, 2025. "Opinion: Digital Assets and Blockchain Through an Economics Lens," Econ Focus, Federal Reserve Bank of Richmond, vol. 25(1Q/2Q), pages 1-32, March.
    • Handle: RePEc:fip:fedrrf:99662
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