Day 11: Cryptocurrency explained from basic to advanced level #learn2earn
Have you ever wondered how NFTs ( Non Fungible Token) works
When an NFT is created or transferred, the transaction is permanently recorded and timestamped on the blockchain, allowing anyone to trace the NFT's history back to its origin. Developers often use established standards, like Ethereum's ERC-721 and ERC-1155, to create NFTs, ensuring they work well across various platforms. Other blockchains, such as Eos, Neo, and Tron, have their own NFT standards. Unlike regular cryptocurrencies, NFTs are traded on specialized marketplaces like OpenSea and Rarible, rather than typical exchanges. This infrastructure ensures NFTs remain unique, verifiable, and accessible for trading within dedicated platforms.
