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Showing posts from March, 2022

Understanding On NFT (Non-Fungible Token)

 How it works Getting started What is an NFT? NFTs prove ownership of a unique digital asset like art, music, collectibles, videos or anything else with blockchain technology. NFT stands for non-fungible token. That sounds like an intimidating technical term (no more nerd talk, promise!). But NFTs are just digital certificates of authenticity. If you buy a physical painting, you know it’s real because you see the artist’s signature on the canvas. Somebody can photocopy the painting, but they don’t own it — you do. Before NFTs, digital assets were like photocopies: You can see who posted something, but you can’t see who owns an Instagram post, Pinterest Pin or Reddit meme. NFTs are like a signature for digital items: They authenticate ownership of digital assets like art, collectibles, music, videos, in-game assets, and more. Just like physical certificates, they document: Who created it When it was created Who bought it (and when) The price(s) it solds for Who owns it now (Technically,

Cryptocurrency - Staking Concept

 OVERVIEW Cryptocurrency staking is a great way for our users to earn rewards on idle lying cryptocurrencies in their wallets by simply staking them on our platform. Staking is a relatively new concept. This guide has been created to help you get a better understanding of what staking is, the technology behind it and how it could benefit you. Before we describe what staking is and the entire rationale behind it, it is important to first get familiar with the two most common consensus mechanisms used in Blockchain Technology. Proof of Work (PoW) and Proof of Stake (PoS) Proof of Work and Proof of Stake are two most common consensus mechanisms which define a set of rules that govern how nodes in a given peer to peer network interact and validate transactions that will be added to the blockchain. This consensus mechanism is a common agreement between the nodes of the network. So there is no need to trust anyone. For you to have a better understanding of Staking it will be essential to fir