What is an NFT? | Challenges of Blockchain | How does Ethereum work?

220 Views

  • Thanks! Share it with your friends!

    You disliked this video. Thanks for the feedback!

cpgannu
Published
What is an NFT? What are the challenges of Blockchain? How do blockchain transactions work? How does Ethereum work and how is it different than Bitcoin? And how did Bitski build an NFT marketplace with CockroachDB? What does their tech stack look like? And how do they deal with the massive spikes in traffic and transactions?

The CTO & COO of Bitski joined CockroachDB Engineer, Nathan Stillwell, for a candid conversation about everything NFTs. Bitski is basically the Shopify of NFTs. In this conversation you'll get some NFT basics and then we get into the architectural weeds to understand how Bitski addresses the challenges of processing transactions on the blockchain. For example you'll learn how Bitski built a "Transaction Operator" to process Blockchain transactions as fast as possible.

00:00 Introducing Bitski CTO Patrick Tescher and Bitski COO Naveen Malloy
00:54 What is an NFT?
2:41 What does fungible mean?
3:30 Why do NFTs have value?
4:08 What is Bitksi?
5:43 How does the blockchain support cryptocurrencies?
6:45 Why is Ethereum the cryptocurrency for NFTs?
11:44 How do NFTs help artists?
15:10 When an artist adds an asset to the blockchain can that asset be viewed elsewhere?
20:25 How does is a digital asset minted on the blockchain?
29:05 What is the tech stack for NFT workloads?
31:34 A famous problem with cryptocurrency
32:22 What are the tech solutions for NFT Marketplace platforms?
34:48 Why use CockroachDB?
36:00 Postgres vs CockroachDB
38:14 What are the challenges of Blockchain transactions?
46:15 How is NBA TopShot built?
48:37 How will musicians use NFTs?
50:10 What are NFT drops?

#NFT #Blockchain #Ethereum #BlockchainTechnology #CockroachDB #NFTMarketplace

If you want to learn more about NFTs and Bitski check out their site: https://www.bitski.com/
If you want to learn how an NFT marketplace can be built on CockroachDB & Blockchain you can check out our Bitski case study: https://resources.cockroachlabs.com/i/1302835-bitski-case-study-cockroachdb/0?
The largest NFT marketplace is called OpenSea: https://opensea.io/
Also mentioned in the conversation is: https://www.nbatopshot.com/
Category
Crypto Wallets
Tags
Be the first to comment