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

Directed Acyclic Graph (DAG)

Directed acyclic graphs refers to a data structure that is built in one single direction, yet branches out and never repeats.

Delegated Proof-of-Stake (dPOS)

A consensus mechanism where selected members of a network are voted as delegates to validate transactions and produce blocks on a blockchain.

Byzantine Generals’ Problem

A term used to describe the situation a single strategy which requires consensus from all members within a group who cannot be trusted or verified

Margin Call

Margin call takes place when investor's margin account falls below the required amount to stay afloat.

Interested to stay up-to-date with cryptocurrencies?

Get the latest crypto news, updates, and reports by subscribing to our free newsletter.