Digital assetsIntermediate

Digital Asset Mechanics

Understand how a blockchain ledger records transactions, who controls the keys behind digital assets, and where stablecoin and trading-venue risks come from. Examples use illustrative numbers and describe mechanisms, not price outlooks.

Free self-study · reading course3 lessonsAbout 6 min reading

What you will learn

  • Trace a transaction from signing to confirmation and estimate its network fee.
  • Compare custody models and the ways each can fail.
  • Analyze how stablecoin reserves and market depth affect real execution outcomes.

Before you begin

Comfort with percentages and ratios, plus a basic idea of what a market price and an order book are. No prior blockchain knowledge is required.

Full lesson list

All lessons are freely available. No enrollment or payment is required.

  1. Ledgers, Transactions and Fees

    • Describe how a blockchain records and confirms transfers.
    • Calculate a network fee from transaction size and fee rate.
    About 2 min reading
  2. Custody and Key Control

    • Explain why control of private keys defines control of a digital asset.
    • Compare self-custody, custodial and multi-signature arrangements.
    About 2 min reading
  3. Stablecoin and Market-Structure Risks

    • Explain what supports a stablecoin peg and how it can fail.
    • Estimate execution cost from order-book depth.
    About 2 min reading