Open AccessBest design practices & strategy to launch your own NFT project
Author(s) -
Singhwani Dhruv
Publication year - 2022
Publication title -
trends in computer science and information technology
Language(s) - English
Resource type - Journals
ISSN - 2641-3086
DOI - 10.17352/tcsit.000045
Subject(s) - security token , possession (linguistics) , computer science , set (abstract data type) , unit (ring theory) , token ring , transfer (computing) , term (time) , token bus network , operations research , database , computer security , engineering , operating system , programming language , mathematics , philosophy , linguistics , physics , mathematics education , quantum mechanics
The term ‘non-fungible’ is used in economics to denote the possession of unique objects and to describe things that cannot be replaced by others because they have a set of unique properties. A ‘token’ as a unit of account is a record in a distributed blockchain that is controlled by a computer algorithm of a smart contract, in which the values of the balances on the accounts of token holders are recorded, making it possible to transfer them from one wallet to another.