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RE: NFTs can empower journalism to stay independent, free from Government's Coercion

in Project HOPE2 years ago (edited)

Hello, good article. I like it ;-) But one remark. You wrote " Obviously, as these NFTs will be stored in Blockchain, it’s immutable and will exist to be viewed by the public forever." This is not the full truth. You cannot store all the material on the blockchain. For example to burn a picture into a NFT you take the hash value of the image an burn it into the NFT. This way you can proove that the image existed at the point of time the NFT was created. You could even take an image and an addtional description und take the hash value representing both. But the thing is: The digital asset you took the hash from must be stored somewhere. For example in IPFS or on some server or on some optical medium. The blockchain helps to proove that the digital asset existed at the point of time the mining of the NFT happend. But the blockchain cannot guarantee that the picture is still accessable or even exists in 10, 20 or more years.

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@thomasoss, I did not know all this, thanks for the clarifiation. ALthough I have to understand what you explained again much better, to comment on t=it.

Thankyou for reading and this insightful detail!!

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