#Frequently asked questions about non-fungible tokens ("NFTs")
Blockchain is a decentralized database that is shared and synchronized amongst nodes of a computer network and operates without the need for a central authority.
Instead of being locked within a single database, as is the case with centralized systems, files and information are diversified across 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 blockchains use inadequate mathematical methods 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 make the NFT minting process transparent and easy to follow, increase reliability and efficiency and lower costs.
The greatest value of a non-fungible token is believed to lie in its authenticity, irreplaceability, traceability and uniqueness.
Data embedded into a digital asset consists of metadata (file name, author name, description) and a file up to 1MB in size attached to the asset.
In addition, there are security tokens comprising hash code, IP address, public key and timestamp, which are also embedded in the asset and are held responsible for verifying the authenticity and integrity of the data stored in the asset.
All of the above prevent changes and modifications to the original file structure and preserve immutability.
Not really. For a digital asset to be represented 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 viable solution is to permanently embed the data 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 deal with NFTs (non-fungible tokens) or any other digital assets including, but not limited to images, photos, animated GIFs, songs, movies or e-books.
#Table of Apps