The Identity Stack ... Traditional online bank accounts represent balances as numbers stored in a centralized database... requires placing trust in a banking institution. Blockchain protocols plus private key cryptography ...introduce ... full possession of digital assets, without having to trust a third party. Hence the terms “self-custodial” or …
NFTs, or nonfungible tokens, represent a unique relationship between owner, artist and art. They are "digital files created using blockchain computer code... essentially impossible to duplicate" and so can be owned & resold, like any work of art. Anyone can download a copy of the art, but the NFT is unique. Noone cares if the art i…
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