Cardahub Description

Explore, acquire, and exchange NFTs from sought-after CNFT collections on the Cardahub marketplace. Non-fungible tokens, or NFTs, are blockchain-based cryptographic assets that feature distinct identification codes and metadata, setting them apart from one another. Each NFT boasts uniqueness and cannot be exchanged on a one-to-one basis, meaning that no two NFTs are identical. They can represent anything from a one-of-a-kind digital artwork to a limited-edition sneaker from a fashion line, in-game items, or various digital collectibles. Collateral serves as a financial assurance that compensates nodes for their efforts in the event that the validation of a Plutus script (the address of a smart contract) does not succeed. This mechanism also acts as a safeguard against potential malicious attacks aimed at overwhelming the network. Without the presence of collateral, users would not incur charges for smart contract failures, but by the time a transaction fails, the network has already faced costs associated with initiating and validating that transaction. Consequently, the implementation of collateral becomes crucial for maintaining the integrity and efficiency of the blockchain ecosystem.

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Company Details

Company:
Cardahub
Headquarters:
Switzerland
Website:
cardahub.io/home

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Cardahub Screenshot 1
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