Crypto CEO: ‘Investors made a mistake of considering crypto to be an asset class’

Yahoo Finance published this video item, entitled “Crypto CEO: ‘Investors made a mistake of considering crypto to be an asset class’” – below is their description.

Gene Hoffman, President & CEO of Chia Network discusses the blockchain technology that underlines many of today’s popular cryptocurrencies and details the improvements that he feels the Chia Network has made. Hoffman spoke with Yahoo Finance Live on January 24, 2023.

Yahoo Finance YouTube Channel

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In This Story: Blockchain

A blockchain is a distributed database that is shared among the nodes of a computer network. As a database, a blockchain stores information electronically in digital format. Blockchains are best known for their crucial role in cryptocurrency systems, such as Bitcoin, for maintaining a secure and decentralized record of transactions. The innovation with a blockchain is that it guarantees the accuracy and security of a record of data and generates trust without the need for a trusted third party.

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