NFTs, so called non fungible tokens that can represent digital art, music and videos, saw a huge increase in demand last year, reaching $44 billion. The blockchain network that most NFTs are traded on is Ethereum. The massive media coverage, however, drew attention to another issue: the huge energy wastefulness involved in cryptocurrency mining. This...
Tag: Bitcoin
What are Decentralized Applications (dApps)?
Decentralized apps (dApps), are digital programs or applications that exist on a Blockchain or peer to-peer network of computers, instead of one computer.
What is a Decentralized Autonomous Organisation (DAO)?
A decentralized autonomous organisation, or DAO, refers to a company that is managed in a decentralized way using blockchain-based smart contracts.
What is an NFT?
This year, non-fungible tokens (NFT) have seemed to explode from out of nowhere. These digital assets, which include art and music as well as tacos and toilet papers, are being sold like 17th-century exotic Dutch Tulips — some for millions of dollars. Are NFTs worth the hype or the money? The opinions differ: some compare...
Moxie Marlinspike NFT Joke
Moxie Marlinspike is the founder of Signal, a secure messaging service and has now released an NFT. But, it is not all as it seems. The NFT entitled “At my whim” will have a different appearance depending on which platform it is viewed. It is currently available for purchase on Opensea or Rarible. Both sites...
