#Frequently asked questions about non-fungible tokens ("NFTs")
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Blockchain is a decentralized database that is shared and synchronized amongst nodes of a computer network and operates without the need for central authority.
Instead of being closed within a single database, as is the case with centralized systems, files and information are diversified throughout the blockchain and made available to as many computers connected to a common peer-to-peer network as needed.
The process of creating an image, music, video or any other digital file and turning it into a digital asset that runs on a blockchain is called "NFT creation".
The process of turning a digital asset to a non-fungible token by taking the necessary steps to make it authentic, recognizable, traceable and permanently immutable is called "minting an NFT".
Most of blockchains utilize inadequate mathematical methods are used to validate transactions, which unnecessarily burden the entire blockchain system and make it more complex and expensive than it should be.
On the other hand, appropriate software tools, such as Telinov8 WM, will enable the NFT minting process to become transparent and easy to monitor, increase reliability and efficiency, and lower prices.
It is believed that the greatest value of a digital asset, such as a non-fungible token, lies in its authenticity, irreplaceability, traceability and uniqueness.
Data embedded into a digital asset consists of metadata (file name, author name, description) and a file defined as an invisible digital watermark.
In addition, there are so-called "security tags" that consist of a hash code, IP address, digital signature, public key and timestamp, also built into the asset.
Metadata, invisible watermarks and security tags, all together, prevent any changes and alterations to the original file structure and preserve immutability.
Actually, no. In order for a digital asset to be presented as an NFT, there must be a certificate of authenticity and proof of non-fungibility associated with it.
There are several ways to achieve this, but the most sustainable solution is to incorporate the data permanently and invariably into the digital asset itself, using appropriate software tools.
#Set out for the future of creating authentic non-fungible tokens
#Telinov8 Network is a simple and reliable blockchain solution with up to three nodes connected to a common peer-to-peer (P2P) computer network and sharing broadcast data with each other.
The data that is transmitted and shared throughout the blockchain is referred to as a digital message.
This technology is primarily adapted to dealing with NFTs (non-fungible tokens) or any other digital assets including, but not limited to pictures, photos, animated GIFs, songs, movies or e-books.