Non-Fungible Tokens (NFT)
By CoinGecko | Updated on May 28, 2020
They are collectible elements within the Ethereum blockchain under ERC-721, where each token refers to a single element with a certain value. They represent something unique and therefore does not have the mutual interchangeable value. In other words, no non-fungible token is the same. The most popular is CryptoKitties, but there are many others.
Related Terms
Ticker
A ticker is a stock or asset symbol that abbreviates the asset name and it can be used as an identifier of the asset.
Circulating Supply
An approximation of the number of coins or tokens that are currently not locked and available for public transactions.
Proof of Work (PoW)
A consensus algorithm in which a block is validated via mathematical hashing
Distributed Ledger Technology (DLT)
Describes the technology that enables distributed ledger.
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