📕Glossary

This glossary contains terms and definitions used throughout the ZeroX Network documentation.

Digital Asset

A Digital Asset encompasses a broad range of digital forms with intrinsic or assigned value, operable and transferable via digital platforms. This term, while often interchangeably used with Non-Fungible Tokens (NFTs), also extends to include Fungible Tokens (FTs), Bitcoin Ordinals, various cryptocurrencies, and more. Each category under the digital asset umbrella brings unique characteristics and uses:

  • Non-Fungible Tokens (NFTs): Unique digital tokens that represent ownership or proof of authenticity of a specific item or piece of content, stored on a blockchain. Unlike fungible assets, each NFT has distinct properties and cannot be exchanged on a one-to-one basis with another NFT.

  • Fungible Tokens (FTs): Digital tokens that are interchangeable with tokens of the same type, making them ideal for use as a medium of exchange or a measure of value. Cryptocurrencies like Bitcoin and Ethereum's Ether are prime examples of fungible tokens.

  • Bitcoin Ordinals: A relatively new concept that embeds unique digital artifacts, or "inscriptions," directly onto individual satoshis (the smallest unit of Bitcoin). Each inscription is distinct, introducing the concept of non-fungibility to the Bitcoin network.

  • Cryptocurrency: Digital or virtual currency secured by cryptography, making it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology—a distributed ledger enforced by a disparate network of computers.

Utility

Utility Marketplace

Event-driven

ERC-XXXX

ERC-721

ERC-1155

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