Steem Bangladesh Contest: Technology || 30% beneficiaries @hive-138339 || Crypto Currencies/NFTs
CRYPTO CURRENCY
Source
Crypto Currency as it is been called is another modernized system of money transaction that will soon take over paper money. As it is now, technology has made it easy and possible to purchase things with crypto coins and tokens. The world will soon be taken over by crypto and as time goes on, more digital Currencies are being developed. Gone are those days when Bitcoin, litecoin, Steem, Steem dollar, Ethereum etc. Were of no value, now they are the trending digital Currencies invoke. Through crypto currency many people's financial status has changed, I could not boast of any money I have worked for until I encountered steemit platform and other crypto platforms.
It is so amazing that one can stay glued to his/her computer/laptop or Android phone and get money with them.
NFTs
NFTs which stands for non-fungible Token; tokens are crypto Currencies. When something is non-fungible, it means it can't be duplicated or replaced with another thing. NFTs are known as digital assets that shows ownership of items like music, artwork, video clips and they use block chain technology just like crypto Currencies, but they are not Currencies. They show authentication of offline and online properties. For instance; digital books, arts, pictures, music's, etc.
NFTs differentiate the value of one item from another. Last I got an NFTs called FatCat through the Bitcoin Cash network.
Difference Between NFTs and Crypto Currencies
- NFTs use the same blockchain technology
- Crypto Currencies help use buy and sell goods
- NFTs are bought with Crypto Currencies
- Crypto Currency tokens can be duplicated
Thanks for reading my post. I invite @ladyofpolicy and @frafiomatale
Thank you