E-Commerce

What Is The Difference Between Crypto and NFT?

If you meet someone who is interested in non-fungible tokens, chances are they also trade cryptocurrency. Both crypto and NFTs are based on the same software and technology, both entered the public consciousness around the same time, and both represent a risky, exciting class of investments dominated by young buyers, sellers, and traders. Even if crypto is considered a token rather than a coin, non-fungible tokens are not a type of cryptocurrency. Despite their similarities, crypto and NFTs are worlds apart. Click here to learn the difference between crypto and NFT.

the difference between crypto and NFT

Although cryptocurrency and NFTs are not the same thing, mainstream investors could be forgiven for confusing the two.

 

Both are digital assets, and while crypto came first, the general public first heard about both in the late 2010s. According to Forbes, NFTs are frequently bought and sold with cryptocurrency, and both tend to attract the same players the NFT world has separated from crypto culture. Both are created with the same programming, encoded with the same underlying software, and stored in digital wallets  but that’s where the similarities end.

 

Cryptocurrencies, such as Bitcoin, are decentralized and encrypted digital payment systems that are not issued by banks or backed by a centralized authority, such as the government. According to Forbes, there are over 19,000 of them.

 

Traditional currency’s value is based on trust — trust in the bank, trust in the government, and trust in FDIC insurance. The value of crypto comes from cryptographic proof of transactions that are verified and recorded on a special type of database known as a blockchain.

 

Some people use cryptocurrencies in the same way that they use dollars: as a medium of exchange for purchasing goods or receiving payment for a service or product. Most people, however, treat cryptocurrency as a commodity or security, similar to stocks.

the difference between crypto and NFT

NFTs are digital tokens that represent ownership of one-of-a-kind items such as images, music, or video clips. A digital image, like a Picasso, can be copied an infinite number of times; however, the value of both NFTs and oil paintings remains solely with the irreplaceable original.

 

NFTs are digital files that can represent ownership of anything — for example, Twitter founder Jack Dorsey sold an NFT of his first tweet for $2.9 million. They’re created with the same blockchain technology that made cryptocurrency famous. According to Forbes, they are typically held on the Ethereum platform, but they can also be found on other blockchains. Blockchain technology, like cryptocurrency, makes it impossible for more than one person to own an NFT at the same time.

the difference between crypto and NFT

Both cryptocurrency and NFTs rely on blockchain transactions to validate their authenticity and record ownership; in most cases, purchasing NFTs requires cryptocurrency. The main distinction is that cryptocurrency’s value is purely economic, derived from its utility as a currency or an investment. NFTs, on the other hand, have economic as well as non-economic value. Artists, for example, can use NFTs to distribute, monetize, and even autograph their work — work that a cryptocurrency investor or collector might then purchase.

 

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E-Commerce

Best Ecommerce Platforms Comparison (2019)

What is an eCommerce Platform?

An eCommerce stage is a user-friendly piece of software designed to enable you to create an best online ecommerce platforms shop and maintain a business selling items online.

It provides you with the apparatuses needed to manufacture and manage your eCommerce site with no learning curve or technical knowledge. Actually, most eCommerce stages feature intuitive usefulness, making them point-and-snap simple for even the most carefully challenged.


Why You Should Use One

In case you’re not selling online, you ought to be.

As per recent Internet Retailer’s examination, eCommerce represented nearly 15 percent of all retail sales in 2018. Actually, consumers spent an incredible $517.36 billion online in the U.S. alone.

The uplifting news is – you, your neighbor, and anyone else can capitalize on this developing trend and join a large number of others who are already maintaining a successful business online.

The reasons for utilizing an eCommerce stage are as varied as the people who use them, however some of the most significant includes:

• Ease of Use

Unlike years prior, you don’t need to know HTML, CSS, java, and other code to create a great looking, completely working online shop. All you need is the privilege eCommerce stage. With a great eCommerce stage, you’ll receive everything you need to create an eCommerce shop and start selling items immediately.

• Inexpensive

Ecommerce stages are substantially less expensive than procuring a developer. Truth be told, some don’t even cost anything by any stretch of the imagination.

Despite the fact that you’ll certainly have expenses as an online retailer, an eCommerce stage will cost a whole lot less than developing a store without any preparation.

• One-stop shop

With an eCommerce stage, you’ll have access to a single answer for the entirety of your eCommerce needs. This is especially true when deciding on a hosted arrangement like Shopify.

Such hosted stages provide hosting, updates, security, and so forth.

Rather than dealing with a lot of moving parts, you can concentrate on what matters most – making sales and developing your business.

• Help and backing

A great eCommerce stage can make creating an online shop easy as can be, yet you don’t have to go at it alone. While WordPress and other open-source eCommerce arrangements just offer network support, in the event that you desperately need help at 2 am, it’s nice to have someone there.

Notwithstanding guides and video instructional exercises, most eCommerce stages offer phone, email, and live visit support for direct assistance when you need it most.

Types of Ecommerce Platforms

Similar to the case with vehicles, restaurants, and everything else, there are different types of eCommerce stages to choose from. In spite of the fact that there are several distinctive factors between them, one of the essential differences relates to hosting.

This means the entirety of the most well-known eCommerce stages can be separated into three types:

• Hosted

A hosted eCommerce stage, for example, Shopify, is a Software as a Service, or SaaS arrangement with hosting worked in too its valuing plans. While these stages can sometimes cost more, they’re extremely beginner-friendly and streamline the process to enable you to get your eCommerce business fully operational as efficiently as could be allowed.

• Self-hosted

Self-hosted stages must be installed without anyone else server. Despite the fact that this gives you greater authority over your com store, it’s dependent upon you to make sure it remains updated and secure. Most open-source eCommerce arrangements utilize this model.

• Mixed

A significant number of the e-commerce stages below enable you to include their shopping baskets into
WordPress and other stages. Referred to as Commerce as a Service, or CaaS, these choices are often cheaper and might be viable for store owners on a shoestring budget.

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