How to create blockchain Wallet, buy your first NFT, and how to store it on your "on-chain" and "off-chain" wallet.
Instruction on How to CREATE your Blockchain wallet on the CARDANO blockchain. Wallet called “YOROI”.
Instruction on How to PURCHASE your first NFT on Blockchain using CARDANO blockchain using Wallet called “YOROI”.
Instruction on How to USE COLD WALLET “Ledger” to store your NFT “OFF-CHAIN”.
SAFETY OF SEED PHRASE
FAQs
Real-world assets
(RWAs) are tangible and intangible assets or utilities that exist in the physical world. In the context of blockchain, it involves transforming traditional and physical assets of economic value, such as real estate, intellectual property, commodities, and fine art, into digital and tradable formats.
How does the tokenization of RWA work?
The tokenization of these assets refers to converting the rights to a portion of these real-world assets into digital tokens on a blockchain. This innovative approach allows for the representation of ownership or investment in an asset through digital means, offering a new layer of efficiency and security.
Blockchain Fundamentals
What is a blockchain?
A blockchain is a distributed, cryptographically secure database structure that allows network participants to establish a trusted and immutable record of transactional data without the need for intermediaries. A blockchain can execute a variety of functions beyond transaction settlement, such as smart contracts. Smart contracts are digital agreements that are embedded in code and that can have limitless formats and conditions. Blockchains have proven themselves as superior solutions for securely coordinating data, but they are capable of much more, including tokenization, incentive design, attack resistance, and reducing counterparty risk. The very first blockchain was the Bitcoin blockchain, which itself was a culmination of over a century of advancements in cryptography and database technology.
What is blockchain software?
Blockchain software is like any other software. The first of its kind was Bitcoin, which was released as open source software, making it available to anyone to use or change. There are a wide variety of efforts across the blockchain ecosystem to improve upon Bitcoin’s original software. Ethereum has its own open source blockchain software. Some blockchain software is proprietary and not available to the public.
What is a blockchain database?
Historically, databases have incorporated a centralized client-server architecture, in which a sole authority controls the central server. This design means that data security, alteration, and deletion rests with a single point of failure. The decentralized architecture of blockchain databases emerged as a solution for many of the weaknesses of centralized