Meaning of digital scarcity | Babel Free

Definitions

1. The lack of access to digital infrastructure such as the Internet.
   uncountable
2. A limitation, imposed through software, of digital information; in particular, the limitation on the total supply of a cryptocurrency or other crypto-based tokens.
   uncountable

Examples

“Until 2009 digital scarcity did not exist in any meaningful way. If I had a file on my computer – a picture of a cat, say – I could copy that file for as many people as I wanted at a price too low to calculate.”

“With this technological design, Nakamoto was able to invent digital scarcity. Bitcoin is the first example of a digital good that is scarce and cannot be reproduced infinitely.”

“The CryptoKitties team addressed the concept of digital scarcity for singular items by way of their digital collectibles. No two CryptoKitties are alike—each one is unique.”

CEFR level