This video on NFT vs Crypto will help you explore and understand the individuality of both NFT and Other Cryptocurrencies as well as it will also take you through the major differences between them which makes them unique in their own way. It will help you understand their performances in the crypto market. Also, It will guide you through its related concepts and will motivate you to participate and learn more about concepts revolving around NFTs and Cryptocurrencies.
In this video, you will learn to compare NFT and Crypto based on:
00:00 Trade
04:17 Purpose
05:04 Volatility
06:00 Uses and Marketplaces
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What is NFT? – Non Fungible Token
NFTs turn your digital assets into “”one of a kind”” by creating a unique digital signature which defines the ownership of your assets and that can be bought and sold for real money, cryptocurrency or any other asset like a “”non-fungible token”” aka NFT. Non-fungible tokens means that they are not interchangeable and each of them represents unique assets owned by a specific person.
NFT basically creates a blockchain-based digital certificate for your digital collectibles, including games, music, art, and many more. This certificate gives your artwork a unique identity. The Underlying technology and the programming language used by NFTs are the same as other cryptocurrencies ie. Blockchain and the programming language Ethash or Scrypt. NFT majorly exists on Ethereum Blockchain, a distributed public ledger that records all the transactions.
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Simplilearn’s Blockchain Certification Training has been designed for developers who want to decipher the global craze surrounding Blockchain, Bitcoin and cryptocurrencies. You’ll learn the core structure and technical mechanisms of Bitcoin, Ethereum, Hyperledger and Multichain Blockchain platforms, use the latest tools to build Blockchain applications, set up your own private Blockchain, deploy smart contracts on Ethereum and gain practical experience with real-world projects.
Why learn Blockchain?
Blockchain technology is the brainchild of Satoshi Nakamoto, which enables digital information to be distributed. A network of computing nodes makes up the Blockchain. Durability, robustness, success rate, transparency, incorruptibility are some of the enticing characteristics of Blockchain. By design, Blockchain is a decentralized technology which is used by a global network of the computer to manage Bitcoin transactions easily.
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6. Anyone interested in ERC20 tokens and ICOs
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