What Is a Non-Fungible Token ( NFT )?

Characteristics of NFTs - The Nifty Crypto Nomad

Most simply, an NFT is an entry on a blockchain, the same decentralized digital ledger technology that underlies cryptocurrencies like Bitcoin. But unlike most Bitcoin – which is fungible, meaning that one coin is essentially indistinguishable from another and equivalent in value – tokens on these blockchains are non-fungible. That means they are unique, so they can represent one-of-a-kind things, like a rare William Shatner headshot or even the title to a piece of real estate.

And because they’re unique and stored on the blockchain, they’re unquestionably authentic. That’s especially important when the asset they represent is digital. Since digital files can be copied infinitely and perfectly, it’s hard to own (or sell) a rare digital photo of Captain Kirk. An NTF token solves the riddle by proving that one digital file is the one-and-only “original.”

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What Is DigiByte ( DGB )?

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DigiByte (DGB) is an open source blockchain and asset creation platform. Development began in October 2013 and the genesis block of its DGB token was mined in January 2014 as a fork of Bitcoin (BTC).

A longstanding public blockchain and cryptocurrency, DigiByte uses five different algorithms to improve security, and originally aimed to improve on the Bitcoin blockchain’s security, capacity and transaction speed.

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What Is Hedera Hashgraph ( HBAR )?

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Billed as the “trust layer of the internet,” Hedera Hashgraph is a public network that allows individuals and businesses to create powerful decentralized applications (DApps).

It is designed to be a fairer, more efficient system that eliminates some of the limitations that older blockchain-based platforms face — such as slow performance and instability.

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