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A detailed analysis of the NFT trading platform Is it a real ch

Date:2024-06-21 18:47:43 Channel:Build Read:

In the current wave of digital economy, NFT (non-fungible token) as a unique form of digital assets is gradually attracting people's attention. With the rise of NFT trading platforms, people began to explore the mystery: Are these platforms real chains, or is there another mystery? This article will explore the essence of NFT trading platforms in depth and reveal the true veil of their virtual chains.

As the main circulation place for digital artworks and collectibles, the technical support behind NFT trading platforms is crucial. The application of blockchain technology provides guarantees for the uniqueness and irreplaceability of NFTs, ensuring the authenticity and ownership of digital assets. However, the development of NFT trading platforms also faces some challenges and controversies. One of the core issues is whether the platform's chain is real and reliable.

First, let's start with the basic composition and operation mechanism of NFT trading platforms. NFT trading platforms use smart contracts to ensure the uniqueness of digital assets, and every transaction is recorded on an unalterable blockchain. This decentralized trading method ensures the transparency and security of transactions, but also exposes some drawbacks of the platform.

For example, there have been many reports recently about counterfeiting and piracy problems on NFT trading platforms. Some criminals exploit smart contract loopholes or forge digital assets, causing users to suffer losses. This has raised questions about the authenticity of the NFT trading platform chain, and people have begun to wonder: Are these platforms real chains or a digital illusion?

However, there are also many NFT trading platforms that use technical means and compliance measures to ensure the legitimacy and security of transactions. For example, some platforms use multiple authentication mechanisms to ensure the authenticity of user identities and strengthen the traceability and verification of digital assets. These measures have improved the credibility of the platform to a certain extent, making users more confident to participate in NFT transactions.

In addition, the development of NFT trading platforms has also benefited from the continuous innovation and improvement of blockchain technology. With the emergence of Layer 2 solutions and the unification of NFT standards, the transaction speed and cost of NFT trading platforms have also been optimized, providing users with a smoother and more convenient trading experience. These technological advances have not only promoted the prosperity and development of the NFT market, but also provided a more solid foundation for the authenticity of the platform's chain.

In general, as part of the virtual chain, NFT trading platforms have both some problems and challenges and great development potential. To truly understand the chain of NFT trading platforms, we need to pay more attention to technological innovation and regulatory norms, and jointly create a real and reliable NFT trading ecosystem. Only in this way can we better explore the infinite possibilities of the digital world and let the light of NFT shine in the future digital economy.

The four most famous international exchanges:

Binance INTL
OKX INTL
Gate.io INTL
Huobi INTL
Binance International Line OKX International Line Gate.io International Line Huobi International Line
China Line APP DL China Line APP DL
China Line APP DL
China Line APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.


NFT markets are digital platforms for buying and selling NFTs. These platforms allow people to store and display their NFTs and sell them to others for cryptocurrency or money. Some NFT markets also allow users to mint their NFTs on the platform itself. In exchange for a fee, NFT markets typically handle the transfer of NFTs from one party to another. Each NFT market has its own operating system. The types of NFTs available, fees, payment options, permitted blockchains, and other rules will depend on which one you use. Many investors still don't know if this NFT trading platform is real on the chain? Let the editor of the currency circle analyze it for everyone. 

 Is the NFT trading platform real on the chain?

Not all NFT trading platforms are real on the chain. In fact, this chain is a jargon word in the Internet industry. This "chain" first refers to the blockchain, which is also the foundation technology for the development of NFT. Each NFT is mapped with a unique serial number on a specific blockchain, which cannot be tampered with, cannot be divided, and cannot be replaced by each other. With NFT, all digital property transactions can be permanently stored and traceable. In other words, if it is not on the chain, it cannot be called NFT.

According to Cryptoslam statistics, NFTs on Ethereum public chain/side chain still occupy the vast majority of the market share, while Solana, Flow, etc. are gradually emerging. Based on the current situation of explosive growth of domestic NFT platforms in the short term, it is necessary to conduct a basic survey and understanding of whether their platforms are on the chain and what chain they are on.

 How to verify whether the NFT trading platform is on the chain?

Alliance chains are more credible because they are backed by groups and enterprises, and most of them are not open to the secondary market, which also avoids price speculation to a certain extent. But if you choose to buy NFTs on a platform using a "public chain", it is particularly important to verify whether it is "on the chain".

Step 1: Search

First query the blockchain authentication network of the NFT you purchased, such as the only art - which can be found in the collection interface

Step 2: Verification

Polygon on-chain query URL: ()

After copying the contract address, paste it into the search box and you can query it

Step 3: Verification

The only artwork can be verified on the chain. But what is puzzling is that the owner of the secondary market work on the chain is still the only art. Then can we understand that you paid for an NFT that does not belong to you. Until recently, the official has not given a clear answer.

The content above is the specific explanation of the editor of the currency circle on the question of whether the NFT trading platform is truly on the chain. In the world of NFT, minting refers to the process of creating a new NFT on the blockchain, the most common of which is Ethereum. When you mint an NFT, you are recording the data that contains the new NFT in a new block, which is then added to the blockchain. Minting NFTs usually incurs fees. For NFT systems that use the Ethereum blockchain, this cost is paid in gas, a cryptographic token used to perform functions on the Ethereum blockchain. Now more and more NFT markets are becoming more and more creative in how, when, and to whom they charge minting fees.

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