NFTs. The phrase “non-fungible” describes an NFT or a single indivisible object. Different from other scenarios when a token describes an actual virtual asset or contract, an NFT describes the <strong>indivisible virtual item.</strong></p>\n<p>In essence, fungibility determines if something is unique or not. It is an essential component of a digital asset’s identity that can evaluate what parts they might need to take on.</p>\n<p>The main differences between non-fungible assets (NFAs) and NFTs:</p>\n<ul>\n<li><strong>Single participant.</strong> NFAs have only one participant, apart from the issuer, that can hold units of this asset.</li>\n<li>Fixed identity. The identity of the participant is linked with the asset, therefore, it can’t be changed. There is an unbreakable link between the asset and the identity of the participant for whom it was issued.</li>\n</ul>\n<p>So, NFAs and NFTs are definitely not the same. For instance, NFAs can be used to enable contact <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-baking/">
baking on a blockchain. This is the case because the technology guarantees a completely secure and compliant translation of values <strong>from each client's account</strong> (which is implemented as its own distinct digital asset that only the client can retain) to the target account.</p>\n<p>Besides, NFAs differ from NFTs in that they can be held by anybody and can reflect more than one \"<strong>item</strong>.\" This is a game-changer for certain organizations. Storage certificates, for instance, may now be supplied to customers safely and without the danger of tampering.</p>","level":"easy","meta_title":"What are Non-Fungible Assets? 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for overseeing all federal savings associations, federal branches, <strong>national banks</strong>, and foreign bank agencies in the United States.</p>\n<p>The OCC's mandate is derived from the <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-banking-secrecy-act-bsa/">
Bank Secrecy Act (BSA)</strong></a>, and it issues bulletins and advisories on a regular basis to ensure that the BSA's <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-anti-money-laundering-aml/">anti-money laundering (AML)</strong></a> rules are enforced consistently.</p>\n<p>In 2020, the OCC <strong>led by ex-Coinbase executive Brian Brooks</strong> made a splash with a few progressive <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-digital-asset/">digital asset</strong></a> reforms and initiatives. These reforms aimed at clarifying OCC crypto policy and assisting the US banks in providing custodial services to their customers.</p>","level":"easy","meta_title":"What is Office of the Comptroller of the Currency (OCC)? 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It can be described as both relative time or absolute time with consideration of when the request was sent.</p>\n<p>The quantity of latency that is acceptable relies on the action a user performs online. Email and web browsing have a lower level of latency as opposed to video chatting or gaming.</p>\n<p>This covers both the real distance traveled by the data and the time it takes to be evaluated. As an illustration, suppose you're watching a video on Youtube. The video you're watching is really stored on a server in Arizona, but when you press \"play,\" your request travels across multiple servers before arriving at the destination. </p>\n<p>When your request reaches the server where the video is stored, it must be evaluated before it can be returned to you. It takes time for all of this to happen. High latency causes an additional wait between the time you push the play button and the time the video begins to run.</p>\n<p>Latency is a measurement of time. To be exact, the amount of time it takes for a transaction to be fulfilled. <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-throughput/">Throughput, on the other hand, is the amount of work. It is measured in the number of transactions per second.</p>\n<p>It is better when the displayed latency is lower. <strong>Full router queues</strong>, low <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-bandwidth/">bandwidth connection, and overloaded servers might result in high latency. It is described in milliseconds. 400 ms means 400 milliseconds, and 500 ms means 500 milliseconds.</p>\n<p>50 milliseconds equals one-tenth of a second and is roughly<strong> the maximum amount of latency that a human brain can tolerate, </strong>according to data technology specialists. Even though this is sufficient for most people, gamers, for example, might prefer lower latencies. Professional gamers consider anything more than 100 milliseconds of latency to be too excessive for a decent experience of gaming.</p>\n<p>The characteristic of network latency is very important in the context of <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-cryptocurrency/">cryptocurrencies and <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-blockchain/">blockchain. The reason is that it directly impacts the time taken for a transaction to be accepted.</p>\n<p>Lowering the number of HTTP requests or <strong>decreasing the response time from your servers</strong> is the greatest way to maximize the correlation between latency and throughput. It might also be a good method to attempt to cache as much data as possible and to combine database requests whenever feasible.</p>\n<p>Attempting to raise the throughput of HTTP requests without taking latency into account would only result in performance concerns. The objective should be to maximize throughput while minimizing delay.</p>\n<p>Furthermore, a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-consensus-mechanism/">consensus mechanism</strong></a> is where <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-miner/">miners depend on speed to earn rewards. Also, blockchains are based on it. Every second that a new block isn’t found and added to the blockchain, potential revenue is lost.</p>","level":"medium","meta_title":"What is Network Latency? Definition & Meaning | Crypto Wiki","meta_description":"Network Latency meaning: Network Latency - is the amount of time it takes for a packet of data to travel from one point to another.","meta_keywords":null,"language":"en","created_at":"2022-04-11T06:00:14.000000Z","updated_at":"2022-05-13T14:32:24.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-network-latency"},"currentChapter":"N","currentSection":"what-are-non-fungible-assets","chapterTitle":"N","readingLevel":"easy"},"url":"/crypto/learn/crypto-terms/what-are-non-fungible-assets","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0"> Crypto Terms: Letter N
What are Non-Fungible Assets?
Non-Fungible Assets MEANING:
Non-Fungible Assets -
The term non-fungible assets refers to non-fungibility within a group of similar assets being produced by a single party.
Let's find out Non-Fungible Assets meaning, definition in crypto,
what are Non-Fungible Assets,
and all other detailed facts.
In the world of crypto, the term “non-fungible assets” is typically used to refer to NFTs. The phrase “non-fungible” describes an NFT or a single indivisible object. Different from other scenarios when a token describes an actual virtual asset or contract, an NFT describes the indivisible virtual item.
In essence, fungibility determines if something is unique or not. It is an essential component of a digital asset’s identity that can evaluate what parts they might need to take on.
The main differences between non-fungible assets (NFAs) and NFTs:
- Single participant. NFAs have only one participant, apart from the issuer, that can hold units of this asset.
- Fixed identity. The identity of the participant is linked with the asset, therefore, it can’t be changed. There is an unbreakable link between the asset and the identity of the participant for whom it was issued.
So, NFAs and NFTs are definitely not the same. For instance, NFAs can be used to enable contact baking on a blockchain. This is the case because the technology guarantees a completely secure and compliant translation of values from each client's account (which is implemented as its own distinct digital asset that only the client can retain) to the target account.
Besides, NFAs differ from NFTs in that they can be held by anybody and can reflect more than one "item." This is a game-changer for certain organizations. Storage certificates, for instance, may now be supplied to customers safely and without the danger of tampering.
