Calyx Token (CLX) vs Cardano (ADA) vs ApeCoin (APE)
Non-fungible tokens (NFTs) are all designed using comparable technology to cryptocurrencies like Bitcoin and Ethereum, but that's about it. ETH and BTC are both "fungible," meaning they may be swapped for other cryptocurrencies.
Digital assets including art, music, in-game goods, and movies are called NFTs. A lot of them are purchased and sold online, and they use the same software as many cryptocurrencies.
Non-fungible tokens (NFTs) have exploded this year with some analysts predicting that NFTs are here to stay and will permanently revolutionise investing.
Decentralised finance (DeFi) came into existence to disrupt and unbuild the centralised "conventional" financial system by empowering ordinary people via peer-to-peer trades. Peer-to-peer trades empower common people and weakens intermediaries and gatekeepers in the centralised financial and banking system.
People may now lend, borrow, and trade via DeFi which relies on blockchain and cryptocurrencies.
This private ledger (your banking transaction history) is held and controlled by a huge financial institution when you use your traditional checking account. Economic transactions are processed, validated, and recorded in computer code on a decentralised, distributed ledger.
The claim is that decentralised finance (DeFi) is safer and more transparent than the centralised financial systems and therefore it is here to stay.
