Tech Tuesday

  Since the beginning of time currency has been an important part of our lives. For the majority of people, it is the driving force of their lives. So it’s only fitting that we take a look at its newest and most secure form yet. But before that, we shall take a quick tour through the History of Currency and its origin. The Barter System In the early stages of humanity, there was the barter system, which involved exchanging goods and services for each other. The barter system had some imminent flaws, like: ·        Having the people’s requirements coincide, i.e., you have something the other person wants, and the other person has something that you want. ·        There is no common measure of value – anyone can have a different value for their product. ·        Not all goods can be divided and subdivided, for example, you cannot trade half of a chicken for 1kg of wheat. ·        The goods cannot be transported easily as it usually involved trading some physical objects .

  Hello readers, meet our friend Robert! Robert is an enthusiastic painter and wants to showcase his digital artworks in an online exhibition. However, as the exhibition is online, he is quite worried as he thinks that his paintings won't be secure online. His friend, Mark, suggested that Robert could buy NFTs for all his paintings. Robert had no idea what NFTs were so let’s go and explained it to him….. In simple words, NFTs provide digital ownership. NFTs stand for Non-Fungible Tokens . NFTs turn your digital assets into “ONE OF A KIND” by creating a unique digital signature which defines the ownership of your assets .This can be bought and sold for real money, crypto-currency or any other asset like a non-fungible token (NFT).   Non-fungible tokens mean that are not interchangeable and each of them represents unique assets owned by a specific person. On the other hand, fungible tokens are interchangeable and can be divided into smaller units to form the sam