By integrating Cobo’s MPC custody technology and Coincover’s disaster recovery services, XLink aims to fortify its platform against a spectrum of threats, including hacking, thefts, and operational disruptions.
Browsing: Digital Assets
Digital Assets News
What is a Digital Asset?
A Digital asset is a non-tangible asset that is created, traded, and stored in a digital format. In the context of blockchain, digital assets include cryptocurrency and crypto tokens.
Cryptocurrency and tokens are unique subclasses of digital assets that utilize cryptography, an advanced encryption technique that assures the authenticity of crypto assets by eradicating the possibility of counterfeiting or double-spending.
The key differentiation between the two classes of digital asset is that cryptocurrencies are the native asset of a blockchain — like BTC or ETH — whereas tokens are created as part of a platform that is built on an existing blockchain, like the many ERC-20 tokens that make up the Ethereum ecosystem.
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“As digital asset adoption among institutions continues to grow, ensuring the utmost security of these assets becomes paramount,” states Bitget Managing Director, Gracy Chen.