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Say Goodbye to 'Old, Worn-Out' Cash: Digital Assets Are the Future

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Digital assets are anything you have in digital form, with the right to use, sell or modify. If you do not have the right to the data, for example an image from a search engine, that is not an asset. There are currently so many forms of a digital asset that it is difficult to discern what isn’t an asset. The primary reason for that is the access that everyone has to digital media, data and programs.

The list of items considered digital assets is much longer than the few examples I've provided, but the internet has given us access to all data types. Our world has moved away from the paper, physical items that we hold. We all have photos on our phones instead of photo albums; we send documents via cloud services and watch films on streaming services, all of which are digital assets to someone the creator or right holder.

While there is no direct link to the beginning of personal digital assets, we can trace the beginning of the era back to the first computer created in the 1930s by a U.S. physicist, John Atanasoff. However, that was not the first computer to have rightful recognition. The ENIAC (Electrical Numerical Integrator and Calculator) was the “first” in 1946, around ten years after Mr. Atanasoff had the idea. However, in 1971, Atanasoff received the right to claim the invention as his own. The problem with calling this machine a digital asset is simple; it could not store information. You only had the option to add........

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