Cryptocurrency

What is Cryptocurrency?

Cryptocurrency is digital money using cryptography on a decentralized blockchain. Examples include Bitcoin, Neo and Ethereum.

Fungible Cryptocurrencies

Fungible cryptocurrencies, like Bitcoin and Neo, are interchangeable. Each unit is the same as any other unit.

Non-Fungible Tokens (NFTs)

Non-Fungible Tokens (NFTs) are different. They represent specific, unique digital items and aren’t interchangeable. NFTs are often used to represent digital collectibles or unique digital assets.

Cryptocurrency Divisibility

Cryptocurrencies can be divided. For example, Bitcoin can be split into smaller units like satoshis.

Standards for Tokens

  • Fungible Tokens: Use standards like (Ethereum) and (Neo) for uniform functionality.

  • Non-Fungible Tokens: Use standards like ERC-721 and ERC-1155 (Ethereum), and (Neo) for unique digital items.

NFTs are traded as assets, differing from regular cryptocurrencies.