fed speech, 2024-10-18
As I described in a speech last year, I think of the crypto ecosystem as consisting of three parts: a crypto-asset, which generally refers to any digital object traded using cryptographic techniques; technology that directly facilitates trading crypto-assets; this includes smart contracts and tokenization; and a database management protocol used to record trades and ownership of assets, commonly referred to as the blockchain, which includes both permissioned and permissionless distributed ledger technologies.
Sentiment: neutral
Topic: financial_stability