GangTotz
GangTotz
Nov 06, 2022 - Nov 12, 2022
Blockchain: Cardano Cardano
Tags

GangTotz is a unique collection of 5,555 NFTs that reside on the Cardano blockchain. Each Tot has a story to tell, having experienced the ups and downs of the Street Life. With their diverse appearances and backgrounds, they offer a fascinating look into a world few have seen. The primary objective of GangTotz is to raise awareness of Cardano, while also providing enjoyable art and fostering an incredible community. We invite you to join our gang and be a part of something special!

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Explanation of the Key Terms

NFTs

NFTs are digital tokens that represent ownership of a specific asset or piece of content, such as artwork, music, videos, or even tweets. They allow creators to sell their work directly to their audience, and buyers to own a unique piece of digital history.

Cardano Blockchain

Cardano is a third-generation blockchain that aims to provide a more sustainable and scalable solution compared to its predecessors. It uses a proof-of-stake consensus mechanism, allowing holders of its native token, ADA, to participate in securing the network and earning rewards. One of the unique features of Cardano is its multi-layered architecture, which separates the transaction processing layer from the settlement layer. This allows for faster transaction processing and reduces the amount of computational power required to run the network.

Blockchain

Blockchain is a distributed digital ledger that records transactions in a secure and transparent manner. It is a decentralized system that eliminates the need for a central authority, allowing for peer-to-peer transactions. The ledger is maintained by a network of computers, and each block on the chain contains a record of multiple transactions that have been verified by the network. Once a block is added to the chain, it cannot be altered or deleted, providing an immutable record of all transactions. Blockchain has applications in various industries, from finance to healthcare, and has the potential to revolutionize the way we exchange value and information.

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