Digital Assets: Blockchain, Crypto, and Portfolio Allocation

Free CAIA Level I lesson in Digital Assets. 34 min read, ~5,045 words.

CAIA splits digital assets into four categories (Payments, Token Currencies, DeFi, Web 3.0). The blockchain trilemma allows only two of decentralization, security, scalability; public chains favor the first two, private chains favor scalability and control. PoW uses miners and a SHA-256 nonce hunt (Bitcoin). PoS uses validators and staked collateral...

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