At times of high inflation, they may be considered as attractive investments. Furthermore, there is a limited supply of particular cryptocurrencies which is why people compare them to gold. The immutable, fast, and secure digital transaction allows the users to transfer hefty amounts of cryptocurrency like Bitcoin and Ethereum without worry. What makes it more alluring is that these virtual coins are not controlled by any legal authority in the world. It is based on blockchain technology and is secured by cryptography. dollars, and European Euros where records of transactions are maintained by banks and other government organizations, cryptographic transactions are maintained in a public ledger to which all users have access. crypto, let’s first understand what is NFT and cryptocurrency? What is cryptocurrency? What is cryptocurrencyĬryptocurrency is the form of digital or virtual currency that is created and held on a computer. Both are viewed as a great way to generate passive income. Over the past decade, the market value of blockchain reached $4.9 billion.Ĭryptocurrency and NFT are the two most discussed topics these days. The concept of a decentralized network soon grabbed the attention of the people and enterprises. One of the main objectives of blockchain was to eliminate the hegemony of the banking system. But what is the difference between NFT and cryptocurrency? Read our blog to understand the difference.īlockchain has emerged as the path-breaking technology in the 21st century. Following cryptocurrency, the world has witnessed the upcoming blockchain evolution in the form of NFT.
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