There is a fundamental difference between
Posted: Tue Feb 18, 2025 3:30 am
So, blockchain ensures the security and confidentiality of transactions through cryptography and the decentralized network model. It may seem strange, but it is this concept that has been used in NFTs and cryptocurrency transactions and is touted as the future of the financial market.
When a person sells an NFT, for example, the blockchain records that transaction, which is encrypted, with the digital signature of both parties. Members of the network then evaluate the sale to attest to its validity and the authenticity of the digital asset. If accepted, the transaction data composes a block, which is then chained to other blocks to ensure its immutability.
NFT and cryptocurrencies
NFTs and cryptocurrencies are part of the blockchain and this new malaysia phone number list universe of digital assets and transactions; they use encryption and are evaluated by members of the network to certify their authenticity and guarantee the security of transactions made with them.
these concepts: while NFTs are non-fungible, cryptocurrencies are fungible , meaning they can be replaced by other assets of equal value, such as physical coins.
Cryptocurrencies are therefore used to make transactions on the blockchain, including transactions in the investment market and the buying and selling of NFTs. Yes, if you want to buy an NFT, you must have money in cryptocurrencies such as bitcoin or ether.
When a person sells an NFT, for example, the blockchain records that transaction, which is encrypted, with the digital signature of both parties. Members of the network then evaluate the sale to attest to its validity and the authenticity of the digital asset. If accepted, the transaction data composes a block, which is then chained to other blocks to ensure its immutability.
NFT and cryptocurrencies
NFTs and cryptocurrencies are part of the blockchain and this new malaysia phone number list universe of digital assets and transactions; they use encryption and are evaluated by members of the network to certify their authenticity and guarantee the security of transactions made with them.
these concepts: while NFTs are non-fungible, cryptocurrencies are fungible , meaning they can be replaced by other assets of equal value, such as physical coins.
Cryptocurrencies are therefore used to make transactions on the blockchain, including transactions in the investment market and the buying and selling of NFTs. Yes, if you want to buy an NFT, you must have money in cryptocurrencies such as bitcoin or ether.