Distributed ledger technology, also known as blockchain, is changing financial markets in a variety of ways. Although this has been understood by enthusiasts for several years, it has finally been recognized by mainstream financial authorities.
“Recently, the rise of distributed ledger technology, which offers a new approach to recording ownership of assets, has allowed for the creation of a range of new financial products and services—including cryptocurrencies,” Federal Reserve Chairman Jerome Powell stated in an address earlier this year.
Not only are cryptocurrencies a secure and efficient way to send money, but nonfungible tokens (NFTs) are changing the way we think about ownership, from unique digital collectibles to potential deeds
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