digital world Archives - Tripontech

Joe FullerJanuary 15, 2022
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5min2470

The non-fungible token is a new type of digital asset that allows users to own an item without physically holding it. It can be through the use of smart contracts on the blockchain.

“Non-fungible token” is a digital asset that anyone can own and isn’t transferable. It is a digital representation of an object or currency. In the case of cryptocurrencies, NFTs are used as a form of payment for services or goods that aren’t transferable between users.

A non-fungible token is a unit of value that only exists in the digital world. It has no physical existence but represents other objects or assets.

A non-fungible token (NFT) is a digital asset with its unique identifier (ID) and cannot be duplicated by anyone else in the world without permission from its owner. An NFT can be thought of as a unique “fingerprint.”

NFT Vs. Cryptocurrency

A non-fungible token is a unique serialized or storable and communicable object stored in blockchain. NFTs and cryptocurrencies are made using the same kinds of programs that create cryptocurrencies like bitcoin or Ethereum, but that is the only similarity between the two!

Cryptocurrency is a medium of exchange that is decentralized in nature. Unlike fiat currencies such as dollars and euros, it doesn’t have any central authority that governments or central banks issue. It makes it very difficult to track transactions.

Cryptocurrencies are also not regulated by any legal body. It makes them more vulnerable to theft and fraud than fiat currencies.

Fiat money and cryptocurrencies are “fungible,” which means they can be exchanged for one another. The fungibility of crypto makes it a trusted way of a blockchain transaction.

NFTs are not easily accessible by the public. They are only available for people who have permission from their creator or owner of the NFTs. For example, if someone created a digital game to generate income, then they may be able to sell their game for NFTs.

NFTs, on the other hand, are non-fungible assets. The non-fungibility of these tokens makes them different from Cryptocurrency. NFTs have a non-fungible digital signature that hinders their ability to be exchanged for or equal to one another.

NFT’s technology is still in development, innovative and fresh. As a result, you can expect NFT to mature over the next few years.

How Does an NFT Work?

The NFTs work on blockchain technology means it doesn’t have any physical form, but instead, it has its code which is transferred among users through smart contracts.

Blockchain technology is a form of digital ledger that allows anyone to create, store, and transfer value records in an immutable, distributed manner. The blockchain is decentralized, which means that no single entity controls it. Anyone company or government does not control it. You can use it for money transfers, asset exchanges, record-keeping, and much more.

Although NFTs are mainly on the Ethereum blockchain, supported by other blockchains. An NFT is minted or built from digital objects that act for tangible and intangible items, like Art, Collectibles, Music, GIFs, Virtual avatars, Videos, etc.

Essentially, NFTs are like physical collectibles, but digitally. Instead of an actual painting, the buyer gets a digital file instead. When it comes to ownership rights, NFT can have one owner at a time.


Joe FullerJanuary 15, 2022
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5min2180

Mobile technology is changing our lives in so many ways. Everything about our lives has changed, from how we communicate with each other to how we access information. Mobile is an integral part of our life. We use it to communicate, do errands, and be entertained. However, the disadvantages of mobile phones are many, and they are not easy to overcome. These disadvantages include:

Isolation

Mobile phones are a major factor in the isolation of people. People spend more and more time on their mobile devices instead of face-to-face interaction. This leads to a decline in communication between people, which is bad for business and social life.

Even though they are an essential part of our daily lives, they can cause isolation and negative feelings when we are away from them. It can be a major issue in today’s world where people don’t have time to spend on their activities.

Time Wastage 

Mobile phones and the internet have become an inseparable part of our lives. They are the most used devices in our daily lives. As a result, we spend a lot of time on them.

The rise of mobile phones has led to the creation of many apps that can be used for personal communication or business purposes. Some people are getting addicted to them and spend their entire day on their phones instead of doing something productive like reading a book or playing games.

As mobile phones become more and more popular, they also affect our social life. Mobile phones and social media are causing a lot of wastage of time. We spend too much time on them and not enough time on other things.

Money Wastage

The mobile phone is the most popular gadget in the world. But, it is also one of the most expensive gadgets. With time new technologies come up, and we end up fantasizing about it and wasting our money on it, even though we do not need it.

Cyberbullying 

Cyberbullying is a growing problem in our society, and it has been linked to poor mental health. It is a very serious issue, and it has become the latest threat to our security. It has been estimated that cyberbullying affects about 15 billion people worldwide.

The rise of mobile phones has also made cyberbullying more common. The most recent statistics show that in 2016, there were over 8 million cases of cyberbullying reported in the United States alone. And this figure is only rising.

In 2017, there were over 10 million cases of cyberbullying reported in the U.S., up from 7 million in 2016 and 6 million in 2015, according to a report by Cybersecurity Ventures, Inc (CVI).

Vulnerable Data

Since we have mobile phones in our pockets all day long, it’s convenient for us to keep data stored in them and access them as and when needed!

Data theft is a big issue in the digital world. Big data and cyber-attacks are the main causes of data breaches. Organizations are vulnerable to hackers when they store sensitive data on their servers.

But the data on your phone can be stolen by hackers. Hackers can easily steal your data from your mobile phone. They can do it by tricking you into installing malware or by hacking into your phone.