https://www.nftgators.com/what-is-an-nft/
What is an NFT? A Beginners Guide to Understanding Non-Fungible Tokens Dec 27, 2021An NFT (non-fungible token) is a digital asset that can be identified through its unique qualities held within its metadata. Due to the way they are designed and minted, NFTs are unique and cannot be replaced, altered, or changed in any way.
An NFT (non-fungible token) is a digital asset that can be identified through its unique qualities held within its metadata. Due to the way they are designed and minted, NFTs are unique and cannot be replaced, altered, or changed in any way. Once they have been created, they will be permanently etched on the blockchain’s public ledger for all to see.
The term fungible means that another identical item can replace an item or good with the same value. A good example of this would be the US Dollar. A $1 bill is worth just the same as any other $1 bill. If someone asks you to trade bills, you won’t gain anything, and you wouldn’t lose anything either.
However, that is not the case with NFTs.
If you purchase an NFT, you will be the only person in the entire world to hold that asset – and you can prove it. These attributes lend themselves extremely well to various industries (especially the creative ones).
...SNIP..... Most NFTs are built upon the Ethereum blockchain, one of the largest and most reputable in the world. This is not to be confused with ETH (Ether), the cryptocurrency used to power the network. On the Ethereum network, the vast majority of NFTs are built using the ERC-721, which gives the token those unique qualities we mentioned earlier. Currently, NFTs are mostly used to verify ownership of digital goods. As a result, a vast array of business sectors are beginning to adopt this technology, from Nike venturing into selling virtual sneakers to famous art galleries exploring them as an option to validate and verify the ownership and authenticity of digital art.
https://www.coindesk.com/learn/what-is-a-cbdc/
What Is a CBDC? - CBDC or central bank digital currency explained Dec 4, 2020What Is a CBDC? - CBDC or central bank digital currency explained ....
Centralized: How are CBDCs different from cryptocurrencies?
There's a reason CBDCs choose this permissioned blockchain. Though DLT has some similarities with bitcoin and other cryptocurrencies, the goals are very different.
Bitcoin and other public blockchains like Ethereum are unique in that no central entity or group of entities (as is the case with DLT) is in charge. That's typically not a property that sits well with governments.
Governments are choosing DLT technology because they can still retain control over certain aspects such as:
The supply: Bitcoin has a limit of 21 million bitcoins built into the protocol, and it is very hard, perhaps impossible, to change this limit. In contrast, governments each have a central bank, which is in charge of the country's money supply. These powerful banks choose when to remove or add money to the supply, such as to stimulate the economy in troubled times, and set national interest rates, among other tasks. These roles aren't going to change with CBDCs.
Who runs it: A central entity will choose which financial entities participate in managing the distributed ledger. This differs from Bitcoin, which allows anyone to run the software, without permission. ....snip... -------------------------------------------------- https://hothardware.com/news/ethereum-pos-merge-finally-finished-what-does-this-mean Ethereum PoS Merge Is Finally Finished, What Does This Mean For Crypto And PC Gaming? About a year or so ago, Ethereum developers decided to start moving to Proof of Stake, calling the change Ethereum 2.0. This operates closer to a savings account where you will earn a return based on holdings, similar to interest. This is a vastly oversimplified explanation, but the biggest difference now is new coins on the Ethereum network can only be generated by holding coins on the Ethereum network. As of this writing, the current staking reward annually is about 4.64%. So, if you hold $1,000 in USD by the end of the year, assuming no percentage adjustment you'd end up with an extra $44.96 according to the website Staking Rewards as of right now. This all ultimately means that, for the time being, cryptocurrency mining on GPUs may not be anywhere near as profitable as it has been over the last few years. Add in that we now have three players in GPU space with new cards just around the corner, and it seems like the shortages worsened by cryptocurrency mining may, at the very least, wane for a time.
Thanks for the legwork Pete. But I still don’t understand what Trump did was somehow earth shattering to Ethereum.
What I do know is that Boomers and a lot of Xers are never going to understand this form of currency. It’s hard to let go of valuing things in terms of dollars.