NEW YORK, NEW YORK, UNITED STATES, September 1, 2022 /EINPresswire.com/ -- The NFT abbreviation stands for non-fungible token. If you want to understand it, should know about the environment in which they exist. This is the blockchain.
A blockchain is a database stored on several computers simultaneously. In the Internet, all devices are connected to centralized servers, whereas blockchain works differently. For example, cryptocurrencies Ethereum or Bitcoin and others operate on a blockchain system.
Tokens are a registered in this blockchain. The difference is that they are interchangeable. You can compare it to cryptocurrency with its own worth.
Each NFT item is existing in a single copy. It is unique, cannot be shared, and all information is secure. We refer to the information like its author, buyer, or any other information stored in blockchain. We can say that NFT stands for the digital certificate to a unique object.
If a blockchain-based cryptocurrency is created, all records...
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