India's largest platform for AI & Analytics leaders, professionals & aspirants

Sign in

India's largest platform for AI & Analytics leaders, professionals & aspirants

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

  • Changing face of Algorithms

    In the age of Big Data, algorithms give companies a competitive advantage. Today’s most important technology companies all have algorithmic intelligence built into the core of their product: Google Search, Facebook News Feed, Amazon’s and Netflix’s recommendation engines. “Data is inherently dumb,” Peter Sondergaard, senior vice president at Gartner and global head of Research, said […]

  • Application of Reinforcement Learning in Supply Chain

    Author: Anindya Bera, Senior Manager – Anaytics, Genpact A supply chain is a complex network of individuals and agents who exchange materials or information in a business ecosystem. The items which are used on day-to-day basis are created by a global collaboration between suppliers, manufacturers, and logistics carriers. What makes this complex? It is the […]

  • Commodity Price Forecasts using ML driven Insights

    Featured Article: Author: Tarana Chauhan, Procurement Analyst, AB InBev Dependency on Commodities and Associated Risks: Companies with Agricultural commodities as their core raw material face several risks in supply security. Agricultural commodities not only suffer from the risks associated with market dynamics like all other commodities but are also impacted by environmental factors making them […]

  • SEBA Bank Fundraising Fuels Growth For Providing Smart Banking

      FINMA licenced Swiss Seba Bank – who already provide a seamless, secure and easy-to-use bridge between digital and traditional assets – approved the completion of its Series B capital increase at its Extraordinary General Meeting today. SEBA Bank is primed to fuel and accelerate its growth strategy according to the team. Guido Bühler, CEO […]