Introduction to Digital Assets

Free CFA Level I lesson in Alternative Investments. 16 min read, ~2,373 words.

PoW = miners plus energy plus computation (Bitcoin). PoS = validators plus staked collateral with slashing (Ethereum). Smart contract risk is the only major risk unique to digital assets with no traditional parallel, and exploits are irreversible. Three stablecoin types: fiat-collateralized, crypto-collateralized, algorithmic. Algorithmic has failed catastrophically (TerraUSD, 2022). NFTs...

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What this lesson covers

Content
Example 1
Example 2
Common Mistakes
Check Your Understanding
Exam Shortcuts

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introduction to digital assets

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