The ascent of the cryptocurrency and intelligent contracts: a guide for beginners to public keys, trading and ERC-721
In the world of cryptocurrency, Blockchain technology has revolutionized the way we think of transactions, trading and property. At the center of everything is the public key, a crucial component in secure online interactions and intelligent contracts. In this article, we will deepen the bases of Crypto, we will explore the concept of negotiation on decentralized exchanges (DEXS) and examine how the ERC-721 token standards are used to create unique digital resources.
What is cryptocurrency?
Cryptocurrencies are digital or virtual currencies that use encryption for safe financial transactions. They operate independently of banks and central governments, allowing peer-to-peer transactions without intermediaries. The best known cryptocurrency is Bitcoin (BTC), but also others such as Ethereum (ETH), Litecoin (LTC) and Monero (XMR) have gained significant traction.
Public keys: a key to protect transactions
A public key is a unique identifier assigned to each user or entity on the blockchain network. It is essentially an address that can be used to send and receive digital resources, such as cryptocurrencies or NFT (non -fixable token). Each private key is combined with a corresponding public key, which allows safe communication and the exchange of data.
Think about it how to send a letter: you would need your home address, the recipient’s address and a unique code to unlock the mailbox. In the same way, on the blockchain network, you would need both your public key (the recipient’s address) and your private key (the code that unlocks your account). This combination guarantees safe and irreversible transactions.
Trading on decentralized exchanges (dexs)
Dexs are online platforms in which users can buy, sell and exchange digital resources without the need for intermediaries. They operate on blockchain networks, allowing peer-to-peer transactions and decentralized governance models.
To use a dex, it is generally necessary:
Create an account on the platform.
2
Place an order using the interface or bees of the platform.
Perform the trade and receive the result.
Dexs such as Uniswap, Sushiswap and Binance Smart Chain are popular examples of decentralized exchanges. These platforms allow users to exchange cryptocurrencies and other resources while maintaining control over their funds and data.
ERC-721: NFTS standardization
The ERC-721 standard is a set of guidelines for the creation of unique digital resources on the Ethereum blockchain. It was introduced for the first time in 2017 and has since become a de facto standard for non -fixable tokens (NFT).
ERC-721 defines the structure and basic properties of a NFT, including:
Univocal identifier
Information on the owner
NFT data (e.g. image, video, audio)
Transfer
Token creators can use ERC-721 to build and sell unique digital resources, such as art, collectible objects or game objects. The standard has been widely adopted on various blockchain platforms, including Ethereum, Binance Smart Chain and Solana.
Conclusion
Cryptocurrency, Dexs and ERC-721 negotiation are all interconnected aspects of the cryptocurrency ecosystem. By understanding these concepts, users can obtain a more in -depth vision of how they can exploit the power of blockchain technology for safe online interactions and intelligent contracts.
While the world of cryptocurrency continues to evolve, it will be exciting to see how these technologies continue to model the future of resources and digital transactions.
Public key, Trading, ERC-721
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The ascent of the cryptocurrency and intelligent contracts: a guide for beginners to public keys, trading and ERC-721
In the world of cryptocurrency, Blockchain technology has revolutionized the way we think of transactions, trading and property. At the center of everything is the public key, a crucial component in secure online interactions and intelligent contracts. In this article, we will deepen the bases of Crypto, we will explore the concept of negotiation on decentralized exchanges (DEXS) and examine how the ERC-721 token standards are used to create unique digital resources.
What is cryptocurrency?
Cryptocurrencies are digital or virtual currencies that use encryption for safe financial transactions. They operate independently of banks and central governments, allowing peer-to-peer transactions without intermediaries. The best known cryptocurrency is Bitcoin (BTC), but also others such as Ethereum (ETH), Litecoin (LTC) and Monero (XMR) have gained significant traction.
Public keys: a key to protect transactions
A public key is a unique identifier assigned to each user or entity on the blockchain network. It is essentially an address that can be used to send and receive digital resources, such as cryptocurrencies or NFT (non -fixable token). Each private key is combined with a corresponding public key, which allows safe communication and the exchange of data.
Think about it how to send a letter: you would need your home address, the recipient’s address and a unique code to unlock the mailbox. In the same way, on the blockchain network, you would need both your public key (the recipient’s address) and your private key (the code that unlocks your account). This combination guarantees safe and irreversible transactions.
Trading on decentralized exchanges (dexs)
Dexs are online platforms in which users can buy, sell and exchange digital resources without the need for intermediaries. They operate on blockchain networks, allowing peer-to-peer transactions and decentralized governance models.
To use a dex, it is generally necessary:
2
Dexs such as Uniswap, Sushiswap and Binance Smart Chain are popular examples of decentralized exchanges. These platforms allow users to exchange cryptocurrencies and other resources while maintaining control over their funds and data.
ERC-721: NFTS standardization
The ERC-721 standard is a set of guidelines for the creation of unique digital resources on the Ethereum blockchain. It was introduced for the first time in 2017 and has since become a de facto standard for non -fixable tokens (NFT).
ERC-721 defines the structure and basic properties of a NFT, including:
Token creators can use ERC-721 to build and sell unique digital resources, such as art, collectible objects or game objects. The standard has been widely adopted on various blockchain platforms, including Ethereum, Binance Smart Chain and Solana.
Conclusion
Cryptocurrency, Dexs and ERC-721 negotiation are all interconnected aspects of the cryptocurrency ecosystem. By understanding these concepts, users can obtain a more in -depth vision of how they can exploit the power of blockchain technology for safe online interactions and intelligent contracts.
While the world of cryptocurrency continues to evolve, it will be exciting to see how these technologies continue to model the future of resources and digital transactions.
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