What is a token and how is it different from a coin?
A token is a digital currency that does not have an independent blockchain, while a coin has its own blockchain.
How Do NFTs Work?
Non-fungible token is different from ERC-20 tokens like DAI or LINK because each token is completely unique and cannot be split. It gives the ability to assign or claim ownership of any unique traceable piece of digital data using Ethereum’s blockchain as a public ledger. Immutable tokens are minted from digital objects as a representation…
What Are NFTs? Explained!
Non-Fungible Token (NFT), in its shortest definition, is a unique digital asset. It represents many digital assets that are unique, from collector’s items to virtual shoes, from virtual game content to digital properties. NFTs are produced using blockchain technology, mostly with Ethereum token standards. However, unlike cryptocurrencies, they are not traded in Ethereum’s ERC-20 standard,…