In this two-part episode, Partner Tom Maasland interviews Jeremy Muir, a Partner in our Financial Services team specialising in FinTech and all things digital assets.
In part one, Jeremy guides us thorugh the world of digital assets – What are they? How they are used? What are they used for?
[1:00] We begin in 2008 with the birth of Bitcoin, an electronic, peer-to-peer payment system that relied on underlying technology described as a blockchain (or a distributed ledger technology (DLT)). What followed was an explosion of digital coins or tokens, each relying on an underlying blockchain technology with different use cases. The rest is history, and a lot of acronyms.
Jeremy explains what [03:38] Bitcoin ‘mining’ is (and how this process adds new information to the blockchain, called a node), [07:49] DAOs (or decentralised autonomous organisations), [10:40] NFTs (or non-fungible tokens), [16:45] CDBCs (or central bank digital currencies) [18:07] stablecoins, and the related terms [19:07] Web3 and the Metaverse.
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