1. What are digital assets/digital assets?
A digital asset is a medium of exchange that is digital, encrypted and decentralized. Unlike the U.S. Dollar or the Euro, there is no central authority that manages and maintains the value of a digital assets. Instead, these tasks are broadly distributed among a digital assets’ users via the internet. You can use crypto to buy regular goods and services, although most people invest in cryptocurrencies as they would in other assets, like stocks or precious metals. While digital assets is a novel and exciting asset class, purchasing it can be risky as you must take on a fair amount of research to fully understand how each system works.
2. What is a blockchain?
A blockchain is an open, distributed ledger that records transactions in code. In practice, it’s a little like a checkbook that’s distributed across countless computers around the world. Transactions are recorded in “blocks” that are then linked together on a “chain” of previous digital assets transactions. “Imagine a book where you write down everything you spend money on each day,” says Buchi Okoro, CEO and co-founder of African digital assets exchange Quidax. “Each page is similar to a block, and the entire book, a group of pages, is a blockchain.” With a blockchain, everyone who uses a digital asset has their own copy of this book to create a unified transaction record. Software logs each new transaction as it happens, and every copy of the blockchain is updated simultaneously with the new information, keeping all records identical and accurate. To prevent fraud, each transaction is checked using one of two main validation techniques: proof of work or proof of stake.
3. How Can I Use Digital Assets?
You can use digital assets to make purchases at major retailers below such as: Sheetz Barnes and Nobles Baskin Robbins/Dunkin Bealls Bed Bath & Beyond buybuyBABY The Coffee Bean & Tea Leaf Famous Footwear Gamestop, Hot Topic Nordstrom Nordstrom Rack Office Depot & OfficeMax Petco Regal SPEDN Shop Ulta Beauty Wompi Unleash your electronic cash—instantly—with just one tap and no fees. Powered by Flexa, SPEDN makes it possible to spend Bitcoin and other cryptocurrencies without needing to cash out to US dollars or load a plastic card. Instead, just take your phone into any store that accepts Flexa, tap the brand where you’d like to spend your digital assets, and scan your unique flexcode for payment.
4. Bitcoin, Litecoin, Ethereum, Shiba-Inu, NFTs, Stablecoins help me understand?
In today’s environment there are 19,658 digital assets that are on the market all which have various functionality and use cases on different blockchains. With our dedicated team and services, we will walk you through all the industry jargon, teach you the ins and outs of the market and set you up successfully for the future of finance.
5. How do I invest into digital assets?
Digital assets can be purchased on peer-to-peer networks and digital assets exchanges, such as Coinbase and Gemini. Keep an eye out for fees, though, as some of these exchanges charge what can be prohibitively high costs on small crypto purchases. If you require assistance with setting up a balanced portfolio reach out to us and walk you through our process at info@birchrockcapital.com
6. What types of clients do you assist?
We assist institutional clients such as enterprises, family offices, business, and retail clients as well. Our overarching goal is to ensure we facilitate the worlds transition to digital assets by providing education, unbiased factual information and assistance with leveraging this technology into daily life.
7. What are your costs to help clients?
Since we assist institutional clients such as enterprises, family offices and businesses our packages are customized to meet our client’s needs. With that we conduct free consultation sessions to fully document and understand our clients challenge areas and propose detailed solutions based on their use case.
8. How do I connect with the team?
Send an email or call us using the below contact information and someone on our dedicated team will be in touch within 24 hours (usually much quicker) Email: info@birchrockcapital.com Phone: 570-500-5147