Introduction to Digital Assets
Free CFA Level I lesson in Alternative Investments. 15 min read, ~2,214 words.
PoW = miners + energy + computation (Bitcoin). PoS = validators + staked collateral + slashing (Ethereum). Smart contract risk is the only major risk unique to digital assets with no traditional parallel. Three stablecoin types: fiat-collateralized, crypto-collateralized, algorithmic. Algorithmic has failed catastrophically. NFTs are non-fungible (unique). Cryptocurrencies, stablecoins, and...
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What this lesson covers
- Content
- Example 1
- Example 2
- Common Mistakes
- Key Takeaways
- Exam Shortcuts
Learning objectives
- introduction to digital assets
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