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
All-Time-High (ATH)
The highest point (in price, in market capitalization) that a cryptocurrency has been in history.
Bots
Refers to software or programmes that automatically trade based on preset behaviours.
Zero Knowledge Proof
Cryptographic proof for 2 parties to verify a value without revealing what the value is.
Unspent Transaction Output
(abbv. "UTXO") Coins that are unspent in the wallet. UTXO virtually represents the cryptocurrency one own in the wallet.
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