Phrases with «digital scarcity»

Digital scarcity refers to the limited availability or supply of digital items or assets. It means that certain digital goods, such as cryptocurrencies or virtual items in video games, are intentionally created to be limited in quantity, just like physical objects in the real world. This scarcity increases their value and makes them desirable to people who want to own or trade them. Full definition

Sentences with «digital scarcity»

  • «The idea to use blockchain to allow artists to create digital scarcity germinated in mid-2013 when [founders] Trent and Masha [McConaghy] asked «Can you own digital art like you own bitcoin?»» (coindesk.com)
  • The creator (s) of bitcoin are the first to solve the problem of digital scarcity so that transactions on a digital ledger can not be counterfeited or forged. (allthingsdecentral.com)
  • Satoshi Nakamoto's protocol was one of the first to introduce digital scarcity and soon enough the digital asset will become even harder to obtain. (bitcoinnews.international)
  • (see all sentences)
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