'A Quick Look Under the Hood of an NFT Smart Contract (Part 1)' blockchain tatum_io
These varying definitions of NFTs are not wrong, but it can get quite confusing especially for someone who is just starting to explore what NFTs are and what makes them so valuable that people are dropping insane amounts on them.
Since a smart contract self-executes when pre-programmed conditions are triggered, it allows two parties to set the conditions of a transaction without the need to trust an intermediary to oversee the execution.John wants to set aside a fund to ensure that he will be able to pay his rent of US$500 to Adam every 15th of the month for the next 6 months.
However, there are also other blockchains that support smart contract applications aside from Ethereum and some are even optimized for specific purposes like gaming and digital art.
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