ERC-721
By CoinGecko | Updated on Mar 03, 2020
ERC-721 was introduced in 2017 to create a token standard for non-fungible, exchangeable Etherem tokens. Compared to the well known ERC-20 which is fungible, ERC-721 are non-fungible tokens meaning that each and every ERC-721 is unique, and are not equal to one another.
Related Terms
Distributed Ledger Technology (DLT)
Describes the technology that enables distributed ledger.
Salt (cryptography)
In cryptography, a salt is the additional random input that is added to password or passphrase to make the password hash unique. It prevents from the hashed output password to be cracked so easily by the hacker.
Fully Diluted Valuation
Fully Diluted Valuation (FDV) is the theoretical market capitalization of a coin if the entirety of its supply is in circulation, based on its current market price. The FDV value is theoretical as increasing the circulating supply of a coin may impact its market price. Also depending on the tokenomics, emission schedule or lock-up period of a coin's supply, it may take a significant time before its entire supply is released into circulation.
Public Keys
The alphanumeric string which serves as a public receiving address in cryptocurrencies.
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