blockchaindux

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Everywhere in this space, you hear about Non-fungible Token Development as the recent hype. But what exactly is it? The acronym stands for Non-Fungible Token, which is an irreplaceable, digitally protected object. If this does not really help you to make things easier to understand, then let me share an example.  NFT or Non-fungible token is a unique digital identifier that uses blockchain technology to record the ownership of a specific digital asset. Just imagine you are an ardent and passionate collector of stickers for a soccer album. The logo of Manchester United is available on the internet, and you can easily swap the logo you own with another, identical ManU logo. This logo is fungible and replaceable. Now when you look at the sticker of Robert Lewandowski (soccer player) that only exists once, and no matter how many times or with which sticker you would swap, you would always get something unique. This makes the soccer player’s sticker irreplaceable (i.e., Non-fungible). ...

Ethereum connects a decentralized world with various enterprises. If you aren’t aware, Ethereum has its own cryptocurrency called ‘Ether,’ which is the world’s second-largest cryptocurrency. It is a popular platform for developing smart contracts and decentralized applications (dApps).  Introduction Undoubtedly, Ethereum is one of the best platforms used by any Blockchain development company . It offers diverse applications in domains such as finance, collectibles, identity, governance, exchanges, gaming, tokens, etc.    Here is a detailed explanation of various features offered by the Ethereum blockchain to enterprises. Blockchain Administration Ethereum blockchain is open, inexpensive, and flexible. It helps to facilitate smoother communication between multiple parties. Meanwhile, no participants have to rely on any central authority to perform transactions or transfer data.    Instead of building a blockchain from scratch, the user can easily employ an all-in...

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