India's largest platform and marketplace for GCC & AI leaders and professionals

Sign in

India's largest platform and marketplace for GCC & AI leaders and professionals

3AI Digital Library

All You Need to Know about Cryptocurrencies & NFT: A Beginner’s Primer

May 16, 2021

Kamlesh Parikarath
Blockchain Architect, Persistence

Cryptocurrencies are fast emerging as a viable means to Digital Currency and everyone is rushing to understand the mechanics behind it. The creation of Bitcoin introduced the concept of trustless, digital scarcity. Before it, the cost of replicating something in the digital world was next to nothing. With the advent of blockchain technology, programmable digital scarcity has become possible – and it’s now being used to map the digital world to the real world.

Non-fungible Tokens (NFTs), also often referred to as crypto collectibles. Unlike cryptocurrencies, where all tokens are created equally, non-fungible tokens are each unique and limited in quantity. NFTs are one of the key building blocks of a new, blockchain-powered digital economy. Several projects are experimenting with NFTs for a variety of use cases, such as gaming, digital identity, licensing, certificates, and fine art. What’s more, they can even allow fractional ownership of high-value items.

In a first part of three series session, Kamlesh Parikarath, an expert in blockchain will demystify the meaning of cryptocurrencies & NFT and will simplify the nuances around the terminologies and jargons . A must attend session !

    3AI Trending Articles

  • Fintech startup Volopay raises $2.1M in seed round

    Singapore-based fintech startup Volopay has raised $2.1 million in seed funding to provide businesses and startups in the Asia Pacific region a powerful control center for all their financial needs. Singapore-based fintech startup Volopay has raised $2.1 million in seed funding. The company said it wants to use the funding to provide businesses and startups […]

  • Inventory Redeployment through Optimized and Automated Recommendations

    Featured Article: Author: Shrinath Bhat, Senior Data Scientist, AB InBev Supply Chain of Future (SCoF) Analytics team’s vision, which is a part of Growth Analytics Centre (GAC): the global analytics hub for Ab-InBev, is to create value via adoption of cutting-edge practices in Supply Chain domain with a series of digital transformations and advanced analytics […]

  • Barco unveiled its largest global Centre of Excellence for software innovation and R&D in India

    Professional visualisation and collaboration technology leader Barco on Wednesday unveiled its largest global Centre of Excellence for software innovation and R&D in India. In keeping with the hybrid workplace model, the new facility in Noida is designed to enhance productivity and features a common lab area offering flexibility for expansion or addition of new labs. […]

  • Mitigating Bias in AI Systems

    Featured Article: Author: Kritika Saraswat & Sreedhar Sambamoorthi, AB InBev Twenty Years ago, science fiction stories were ripe with futuristic scenarios with cars driving themselves, computer writing stories and human-like holograms responding to any and every query that we had. These scenarios were considered a figment of good writer’s imagination and books and movies on […]