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Understanding Digital Assets: How Cryptocurrencies, Tokens, and NFTs Differ
Manage episode 364034039 series 3474370
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This story was originally published on HackerNoon at: https://hackernoon.com/understanding-digital-assets-how-cryptocurrencies-tokens-and-nfts-differ.
The language in the crypto industry is lagging behind the evolution of its technology. Long used as an umbrella term for all digital assets "crypto" has ...
Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #cryptocurrency, #crypto, #nft, #nfts, #blockchain, #web3, #money, #defi, and more.
This story was written by: @andreydidovskiy. Learn more about this writer by checking @andreydidovskiy's about page, and for more stories, please visit hackernoon.com.
The language in the crypto industry is lagging behind the evolution of its technology. The term ‘crypto’ has begun to fall short in its ability to classify the three archetypes of digital assets. ‘Token’ is an extremely broad term. NFTs are tokens. Coins are tokens, but they are all different.
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