What Is a Digital Commodity?
The Block·
60-second summary
Digital commodities are onchain assets valued by open-market supply and demand, not by company work or central issuer. They're freely transferable and traded on public markets, behaving like traditional commodities like gold. Examples include cryptocurrencies like Bitcoin and Ethereum, which are widely traded and have their value determined by market forces, driving price fluctuations.
A digital commodity is an onchain asset that draws its value from open-market supply and demand rather than from the work of a company or central issuer. Assets in this category are freely transferable and traded on public markets, which makes them behave more like traditional commodities such as gold than like a share of […]