"Decentralized Revolution: Krypto Guide, NFTS, IDO and ERC"
In recent years, the world of cryptocurrencies has exploded into a global phenomenon, and billions of dollars have been exchanged on platforms such as Bitcoin, Ethereum and others. But what exactly is Blockchain technology and how does it all work? In this article, we will explore the basics of cryptography, examine the exciting world of non -financial tokens (NFT), discussing the impact of initial distribution (IDO) on the market and examine the role of the ERC20 standards in the formation of the future decentralized finance.
Decentralized Revolution: Basics of Blockchain Technology
Blockchain technology is a decentralized system that uses cryptography to record transactions in your computer network. It is the spine of the exchange of cryptocurrencies, wallets and other applications based on blockchain. Here's how it works:
Mining : New blocks are created by mining algorithms that check the transactions on the web.
Transaction check : transactions are checked by complex mathematical algorithms.
Blockchain update : Updated blockchain is aired in a network where it is checked and added to history.
Crypto: Short foundation
CRIPTO currency such as Bitcoin (BTC) and Ethereum (ETH) use a unique encryption technique called cryptography to secure transactions and control of new units. These digital currencies operate in public blocks that are distributed on many computers.
Some key functions of cryptocurrencies include:
* Decentralization : Crypto currencies do not control any individual creatures.
* Limited supply 
: Most cryptocurrencies have a limited supply of coins or token.
* Security : Transactions are provided with cryptography and digital signatures.
non -financial tokens (NFTS)
The NFT, the abbreviation of tokens that are not maps are unique digital resources that cannot be replaced for the second identical resource. They represent the property of digital art, collecting objects and other unique objects on Blockchain.
Here's how nft acts:
Creation : Digital artists create a unique NFT using tools such as firmness or truffle.
Tokenization : NFT is tokenized and replaced on the NFT market (eg OpenSea).
PROPERTY : When the owner buys NFT, he has it directly, with full property rights.
Initial schedule (idos)
IDO platforms allow developers to mention their new projects on decent exchange (DexS). These platforms are a way of raising funds for developers and recognition for their project before the traditional exchange list.
Here's how ido works:
Project Creation : The developer creates a new project such as a token or a crypto currency.
IDO Platform: The developer connects the design to the ido platform (eg BNB smart chain).
Financing : Investors can buy tokens on the platform and raise funds for the project.
ERC20 Standards
The ERC20 is a popular standard for decentralized financial projects (DeFS), which have been built using intelligent contracts and act in Blockchain like Ethereum.
Here's how ERC20 works:
Standard creation : developers form a token ERC20, defining its properties (eg bringing, use).
List of Token : The new token is replaced on a decentralized replacement or defined platform.
Store : Investors can buy and sell tokens on the platform.
In short, cryptocurrencies, NFTS, IDO and ERC standards are part of a world that quickly develop blockchain technology. Understanding these concepts, you will be better ready to go around the cryptocurrency market and make conscious decisions about your investments. Since the decentralized revolution is still developing, one thing is clear: the future of finance will be shaped by innovation, transparency and intelligent agreements.