All You Need to Know about Cryptocurrencies & NFT: A Beginner’s Primer
May 16, 2021
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 !