Is NFT a Deep Sea? What is ERC20 Tokens? What is HasH?

 

NFT

*It is a terrible thing that is changing the world by storm. It is nothing new, very old, but now somewhat popular.

What is NFT?? #NFT = Non Fungible Token

To understand this, first you need to know about Token, Fungible Token and Non Fungible Token.

1/ Fungible :

Fungibility means 2 things are interchangeable. To put it simply, we can change the 50 taka note with 1 20 taka note and 3 10 taka notes. Taking one with the other will not be a problem. This is essentially Fungibility

2/ Non-Fungible:

It is modifiable but copy. That is, even if an older book and a newly published book are the same, the older one will have an antique feel that will help identify the genuine copy.

NFT is this non-fungible token.

Now you can tell what token is as discussed earlier. A token is a rule given on an object or why on an asset so that all previous history of that asset is known. Which is usually what we use for real estate.

If we need to sell a place, we need third parties like banks, lawyers etc. Now with blockchain we can easily replace these. Why middle mam is not needed. AITS benefits are--

* Less time consumption

* This will be in the token

* It will be completely digital

ERC - Standard || ERC - 20 Tokens

Ethereum is a decentralized platform on which smart contracts have been successfully operating since 2015, and their algorithms are written in the Solidity programming language. The Ethereum platform became a springboard for blockchain industry development as it gave life to thousands of new projects and decentralized applications with their tokens.

ERC-20 is the most popular token standard and most ICOs that have issued their tokens on the Ethereum platform have used it.

If you are an Ethereum developer, you can surely code your Smart Contract and it can easily interact with ERC-20 tokens.

HasH - Explore It Out

 This is basically a technical page where we will discuss a future booming industry blockchain, blockchain development, blockchain contract which is basically known as smart contract. The demand for blockchain is increasing day by day around the world which will change our situation in the future. Ignoring it in 2021 is one of the biggest mistakes we will make in the next 10 years. If you observe a little data - its development is exponential from 2020 to 2021.....!!!!

That is, its market value in 2020 was USD 3.0 billion, which in 2021 will be USD 10.7 billion and by 2025, its market value will be USD 39.7 billion, which is incredible!!!

As such, the CAGR (Compound Annual Growth Rate) Rate of 2021-2028 = 82.4%.

Now many people have this idea --> Blockchain = Bitcoin. But Bitcoin is basically a virtual currency or Coin created using Blockchain technology.

Which is not approved by Bangladesh government. But there are many sectors of blockchain apart from virtual currency, which will be discussed mainly on this page. The Blockchain Olympiad organized by the Government of Bangladesh --

* E-governance

*FinTech

*Supply chain management

*Documentation authentication