Complete Guide Step by Step -Cryptocurrency Vs NFT
Cryptocurrency A unit of measure, a store of value, and a medium of exchange are all functions of cryptocurrency. Despite having little intrinsic worth, cryptocurrencies are used to evaluate other assets. Bitcoin was introduced in 2009 and is generally regarded as the first digital asset. Digital representations of value, commonly referred to as crypto assets, are made possible by blockchain technology and cryptography. Their original purpose was to act as a means of value transfer without the involvement of a bank or other reliable third party. A discussion comes out about the concept of stablecoins, cryptocurrencies connected to an unchanging asset like the U.S. dollar and may become a vital part of decentralized finance (Defi). What is NFT? NFT is an abbreviation for Non-Fungible Token. It is a unique cryptographic token. An individual who has NFT shows that he has some unique or antique digital painting that nobody in the world has. NFTs are one-of-a...