EXPLORING THE POWER OF NFT AND BLOCKCHAIN FOR DECENTRALIZED SYSTEMS

Authors

  • Kudaiberdi Kozhobekov Osh State University
  • Dilmurat Tursunov Osh State University
  • Zhamal Kambar kyzy Osh State University

DOI:

https://doi.org/10.52754/16948742_2023_1(2)_10

Keywords:

Non-exchangeable tokens (NFT), blockchain technology, decentralized system, distributed ledger technology, monetization, privacy, digital asset, smart contract, cryptocurrency, digital art, tokenization, information security, decentralized finance (DeFi), digital environment, Bitcoin, Ethereum, digital wallet

Abstract

In recent years, non-fungible tokens, or NFTs, have received a lot of attention as a way to represent the ownership and authenticity of digital assets. This article aims to provide a comprehensive overview of NFTs and how they work, as well as their potential applications and the role of blockchain technology in their implementation. The use of blockchain provides a secure and transparent record keeping system, making NFTs ideal for representing valuable digital assets such as art, collectibles, and more. The decentralized nature of NFTs eliminates the need for a central authority, giving owners greater control and privacy.

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Published

2023-06-20

How to Cite

Kozhobekov, K., Tursunov, D., & Kambar kyzy, Z. (2023). EXPLORING THE POWER OF NFT AND BLOCKCHAIN FOR DECENTRALIZED SYSTEMS. Journal of Osh State University. Pedagogy. Psychology, (1(2), 82–87. https://doi.org/10.52754/16948742_2023_1(2)_10

Issue

No. 1(2) (2023): Journal of Osh State University. Pedagogy. Psychology

Section

DIGITAL TECHNOLOGIES

License

Copyright (c) 2023 Journal of Osh State University. Pedagogy. Psychology

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This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.