Blockchain and Crypto Blog

Ivan on Tech Academy provides latest insights and reports about the blockchain industry.

blockchain cryptokitties fungibility nfts non-fungible tokens

Definition and Use Cases of Non-Fungible Tokens (NFT)

Written By Ivan on Tech

Aug 24, 2020

There appears to be an ever-increasing amount of information to learn about the various blockchain ecosystems. One of the terms that has recently seen an upswing in interest surrounding NFTs. NFTs (Non-Fungible Tokens) are becoming more established as the crypto sector heats up in what many hope will constitute a 2020 - 2021 bull run. So, what are NFTs?

In properly answering that question, however, we need to take a closer look at what non-fungible tokens, or NFTs, offer. Specifically, NFTs are bringing valuable assets to the blockchain through a wide array of industries including gaming, art, fashion, and real estate.

In this article, we’ll explore some of the key use cases for non-fungible tokens. We’ll also look at some of the latest token standards, how they are implemented, and what gives them value. First and foremost, however, we need to take a look at what blockchain technology actually is.

What is Blockchain Technology?

You may be familiar with blockchain...

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fungibility privacy coins privacy coins 2020 privacy coins list

Privacy Coins 2020 - What Are Privacy Coins?

Written By Ivan on Tech

Aug 22, 2020

For as long back as one can remember, the cryptocurrency community has been demanding for privacy coins. Coins that promised true anonymity, instead of pseudonymity, aka, false privacy as offered by Bitcoin. So, in this article, we are going to look up some of the top privacy coins in the world. Are the usual suspects still leading the privacy coins 2020 list, or do we have some surprising names in the mix? Let’s check it out. 

The need for privacy coins

There are two reasons why privacy coins are highly desirable:

  • Privacy
  • Fungibility

The need for privacy coins #1: Privacy

As mentioned before, the privacy afforded by “normal” coins such as Bitcoin and Ethereum isn’t absolute. To illustrate this point, consider the following example. We went to a blockchain scanner and picked up a random public address “bc1qq3fc75ppp5kq2qpe29wyl0708hzxxu34xk5836.”

Now, when you click on the address, you get this:

As you can see in the diagram, we have a list...

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