A cryptocurrency is a tradable digital asset or digital form of money, built on the blockchain that is completely digital. Cryptocurrencies use encryption to authenticate and protect transactions. There are many different cryptocurrencies in the world. A cryptocurrency or crypto is digital currency designed to work as a medium of exchange through a network that is not centralised. Keeping up with the latest demand around NFTs and Crypto, FilmOn TV has launched its latest channel Crypto Wealth Builders. This channel aims to provide information and trends in the crypto market and an analysis of the economy and financial markets.

Looking below at some of the most common terms used in Crypto and NFT space.

NFT

An NFT is a digital asset that represents real-world objects like art, music, digital content, photographs, and videos. They are bought and sold online, frequently with crypto, and are generally encoded with the same underlying software as many cryptos. If something is non-fungible it means it has unique properties so it can’t be interchanged with something else. With NFTs, it is all tokenised to create a digital certificate of ownership that can be bought and sold.

Minting

Minting is how a file, such as a JPEG or GIF, is recorded to a blockchain. After an NFT is minted, it can be sold or traded. You can hold it, sell it, or trade it.

Blockchain

Every cryptocurrency transaction is processed, verified, and recorded on a virtual ledger known as a blockchain. When someone buys or sells using cryptocurrency, another entry is made on this virtual ledger.

Altcoin

Any digital coin apart from Bitcoin is referred to as an altcoin.

Wallet

A cryptocurrency wallet is an app or storage that allows you to store and retrieve your digital currency. Wallets can hold multiple cryptocurrencies, so you’re not limited to any one currency.

Check out the popular NFTs offered by Swissx, group invest in a piece or buy it whole. Invest in timeless pieces and be a part of the digital revolution.

FilmOn TV also provides access to Live TV channels from across the globe. From British murder mysteries to Comedies, hit medical soaps to legal dramas. Pick what you fancy and enjoy without worrying what to watch next. For similar articles read here.

FilmOn TV provides one of the finest online television viewing experiences alongside being a social television. Be social while watching your favourite TV shows or live matches, discuss with your friends or just share your point of view with the rest of the viewers, bringing everyone closer and starting the discussion. Watch Live TV on FilmOn on web or on an android or iOS App. Live TV channels from UK, Europe, Africa, Asia, and rest of the world are available on FilmOn TV.

Facebook Comments

By Akansha

Business, Entertainment, Political and Lifestyle Content Writer!

Leave a Reply

Your email address will not be published. Required fields are marked *