What is the definition of a tangible item in the context of cryptocurrencies?

3 answers

• Abdalazez JBJan 30, 2021 · 5 years ago
  A tangible item in the context of cryptocurrencies refers to a physical object or asset that has been tokenized on a blockchain. This means that the ownership of the physical item is represented by a digital token on the blockchain, allowing for easy transfer and verification of ownership. Examples of tangible items in the context of cryptocurrencies include real estate, art, and collectibles.
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• Thomaz FrançaOct 05, 2023 · 2 years ago
  When we talk about tangible items in the context of cryptocurrencies, we're referring to physical assets that have been digitized and represented on a blockchain. This allows for the ownership and transfer of these assets to be recorded and verified in a secure and transparent manner. It's an innovative way to bring traditional assets into the digital world of cryptocurrencies.
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• SubudayAug 29, 2024 · a year ago
  In the context of cryptocurrencies, a tangible item refers to a physical asset that has been tokenized on a blockchain. This means that the asset is represented by a digital token, which can be bought, sold, and traded on a cryptocurrency exchange. Tokenizing tangible items allows for greater liquidity and accessibility, as well as increased transparency and security in transactions.
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