What does a Non Fungible Token mean?

Non-fungible tokens are the digital representation of unique assets in the decentralized environment.

Difference between a Fungible Token and a Non-Fungible Token?

Fungible tokens can be exchanged with each other since each token holds the same value that does not differ from one another. Non-Fungible tokens cannot be exchanged due to its unique standards and specifications.

What is an NFT in Crypto?

NFT are the unique tokens that represent the digitalization of unique physical assets like arts, sculptures, and other collectibles in the crypto world.

How much does it cost to create an NFT?

The cost to create an NFT depends on the type of assets, platform wealth and its gas fee.

Top 10 HASHGRAPH DEVELOPMENT Company India

Hedera Hashgraph Development Company

Since 2012, Nadcab Technology the spotlight is on the concept of a distributed ledger and hashgraph is that the new entrant to the decentralization world. Hashgraph visualizes a fresh and enhanced peer-to-peer computing model which will harness its power to an unprecedented level. As we transit from client-server to a replacement trust layer for the web, the hashgraph will solve the impediments to efficiency, scalability, and interoperability. additionally, hashgraph plans to unravel the Byzantine General’s Problem using Asynchronous Byzantine Fault Tolerance.

The Hashgraph is currently a personal and permissioned network that's being utilized for commercially viable solutions. The prior knowledge of the nodes and identities provides the hashgraph natural protection against Sybil attacks. The consensus mechanisms will account for any maliciousnesses and thus retain the general throughput.

Features

Gossip Protocol

Hashgraph works on the gossip protocol aka epidemic protocol, which is a process of computer-computer communication. These are based on the way that social networks disseminate information.

Virtual Voting

Hashgraph follows virtual voting. The node can look at its own hashgraph, examine other nodes, and vote in place of the other node. The nodes are said to be in consensus when two-thirds of the nodes in the network are witnesses.

Higher Throughput

The throughput generated by Hashgraph is incredibly high. It can achieve 50,000 times faster transactions and can handle 250,000+ transactions per second in one shard. Also, with small latency, Hashgraph takes only seconds for the transactions to be sent out.

Better Security

Asynchronous Byzantine Fault Tolerant (asynchronous BFT) is the consensus algorithm of hashgraph, which means that the community can decide the execution precedence of two transactions in a network. Mathematical proof for the time exists when consensus is achieved.

Increased Fairness

Hashgraph provides fair ordering, as well as fair timestamps. The fair ordering of transactions allows priority of order, on the basis of the time of order. In addition, fair timestamps lead to trust for the community as a whole timestamp, rather than a single miner.

Scalable

The Distributed Ledger Technology(DLTs) of the Hashgraph is highly scalable due to the Java Software Development Kit (SDK) being easier to master than solidity. These allow the Hashgraph to be scalable in transactions or in bandwidth.

Industry 4.0 with Hashgraph

Micropayments
Hashgraph Stock Markets
Live Collaboration DApps
Decentralized Auctions
Hashgraph Game Development
Identity Management

Hashgraph with Artificial Intelligence
Cyber Security with Edge Computing
Secure Power Systems
Supply Chain Management
Tracking in Logistics

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