Category: Blockchain
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What is an NFT and how does it work?
An NFT (Non-Fungible Token) is a type of digital asset that represents ownership or proof of authenticity of a unique item or piece of content, typically using blockchain technology. Unlike cryptocurrencies like Bitcoin or Ethereum, which are fungible (meaning each unit is identical and can be exchanged for another of the same kind), NFTs are… Read more
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How does cryptocurrency work?
Cryptocurrency is a form of digital or virtual currency that uses cryptography for security, making it difficult to counterfeit or double-spend. Most cryptocurrencies are decentralized networks based on blockchain technology—a distributed ledger enforced by a network of computers (or nodes). Here’s a basic overview of how it works: 1. Blockchain Technology 2. Mining 3. Cryptography… Read more