Blockchain technology has come a long way since the inception of Bitcoin. Over the years, new applications and features have been developed, making the technology more versatile and efficient. One such application is the non-fungible token (NFT), which is made possible by using hash functions.
Hash functions are mathematical algorithms that take any message or text and transform it into a nonreversible hash number, which can be used later to typify that digital asset’s uniqueness.
Lately, there has been a flurry of nft (non-fungible token) projects popping up around the crypto-sphere. It is easy to see why nft is gaining popularity; nft seeks to solve many issues with cryptocurrencies as we know them today and was first popularized by bitcoin.
Socially talking, the future looks uncertain. No one really knows if the traditional cash system will survey this revolution. Cryptocurrencies and nfts offer a new way of transacting, where trust (or better from my perspective: untrust) is no longer needed. Now, what is important is how well nft and cryptocurrency will work together to create a better tomorrow.
The first nft was created on the ethereum blockchain in late 2017, called ERC-721, which is only one of the standards and the very first step in the creation of smart contracts, also a fantastic application I can see coming to solve several problems.
What is a non- fungible token?
NFTs are digital tokens that are unique and cannot be interchangeable. This means that each NFT has its own individual history and cannot be replaced by another instance of the same token. NFTs are created using a cryptographic hash function, which generates a unique string of characters for each token.
I am diving deeply into RNN (recurrent neural networks), and LSTM (long-short term memory) cells and how the entry signals are changed into probabilities with several mathematical functions, including softmax, etc., but the use of Jarvis and GPT3 has shocked my latest understanding of the whole mathematics behind.
If you find this useful, please let me know, I’ll be happy to run more experiment with other keywords for the generation of fresh text (it would be nice to create text using different combination of cells and to understand exactly the implication of these mathematical operations). Thanks for your sharing! Keep up the good work. How does nft function? NFTs are created using a cryptographic hash function, which generates a unique string of …..
And yes! … I received Artificial Intelligence help from Jarvis to write this article! crazy…