Everything You Need to Know About WAX & NFTs
Getting into NFTs? Well, we’re glad you’re here! The world of non-fungible tokens can be intimidating for neophytes, which is why we’ve pulled together this explainer that covers the basics, from opening a wallet to what makes WAX so different from other blockchains.
Simply put, a blockchain is a database made for storing blocks of encrypted data, and chains them together. Hence, the name “blockchain.” That successive series of blocks forms a chronological, transparent ledger of changes that’ve been made. Transactions on the blockchain (assets are distributed rather than transferred or copied) then, can be carried out without the need for an intermediary clearinghouse the way that ACH transactions in your checking account do.