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Tune in to hear KPMG professionals discuss major accounting and financial reporting developments
Interested in cryptocurrencies but confused? We'll break through the accounting jargon in this episode of By Analogy.
Learn how cryptocurrency and blockchain is like playing in an old-school arcade. Exchanging real money for virtual tokens at an arcade is similar to using a crypto wallet. The value of these tokens can fluctuate based on demand, much like the value of cryptocurrencies. Losing the arcade card means losing the tokens, similar to losing a crypto wallet's private key. Additionally, the concept of a decentralized leaderboard in an arcade, where high scores are recorded and validated across multiple locations, mirrors how transactions are recorded and verified on a blockchain.
KPMG Financial Reporting podcast
Tune in to hear KPMG professionals discuss major accounting and financial reporting developments