Non-fungible Token

How is NFT different from cryptocurrency?

NFT stands for irreplaceable token. It is usually built using the same procedures as cryptocurrencies, such as Bitcoin or Ethereum, but this is where the similarity ends.

Physical currency and cryptocurrency are “fungible”, which means they can be traded or exchanged with each other. They are also equal in value-one dollar is always worth another dollar; one bitcoin is always equal to another bitcoin. The fungibility of cryptocurrency makes it a reliable means of conducting transactions on the blockchain.

NFT is different. Each has a digital signature, which makes it impossible for NFTs to be exchanged or equal (hence, irreplaceable). For example, an NBA Top Shot clip is not equal to EVERYDAYS, just because they are all NFTs. (In this regard, one “NBA’s best shot” clip may not even equal another “NBA’s top shot” clip.)


NFT代表不可替代的令牌。 它通常使用与加密货币相同的程序来构建,例如比特币或以太坊,但这就是相似性结束的地方。

实物货币和加密货币是“可替代的”,这意味着它们可以相互交易或交换。 它们的价值也相等-一美元永远值得另一美元; 一个比特币总是等于另一个比特币。 加密货币的可替代性使其成为在区块链上进行交易的可信赖手段。

NFT不同。 每个都有一个数字签名,这使得NFT不可能相互交换或相等(因此,不可替代)。 例如,一个NBA Top Shot剪辑并不等于EVERYDAYS,这仅仅是因为它们都是NFT。 (就此而言,一个“ NBA最佳射门”剪辑甚至不一定等于另一个“ NBA最高射门”剪辑。)

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