What is NFT and how to describe it?
What is Blockchain? Blockchain is a decentralized and distributed digital ledger technology that securely records transactions across multiple computers so that the record cannot be altered retroactively without altering all subsequent blocks and the consensus of the network. It was initially developed to support cryptocurrencies like Bitcoin but has since evolved into a versatile technology with a wide range of applications. Key Features of Blockchain: Decentralization : Unlike traditional databases that are controlled by a single entity, a blockchain is maintained by a network of nodes (computers) that collectively manage the ledger. Transparency : Transactions on a blockchain are visible to all participants in the network. This transparency ensures that transactions are open and verifiable. Immutability : Once data is recorded on a blockchain, it is extremely difficult to alter. This immutability is achieved through cryptographic hashing and consensus mechanisms. Security : Blockch...