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
Buy Wall
Anomalously large buy order(s) at a single price point that reflects as a "wall" in the order book.
Block Height
A number that is used to indicated the position of a particular block within a blockchain
Peer to Peer
A communication protocol that does not require a central hub
Masternodes
Computers that are responsible for processing blockchain transactions and receive a reward when a block is mined.
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