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HomeCOINSWhat Is EarnHub (EHB)? Complete Guide Review About EarnHub.

What Is EarnHub (EHB)? Complete Guide Review About EarnHub.

What Is EarnHub (EHB)?

EarnHub is a creator-centric NFT marketplace and issuance platform that utilizes the token (MON) to empower users who actively interact with the protocol. Users on the platform can easily create non-fungible tokens (NFTs) for unique digital items like artworks. The platform offers users a fully-featured marketplace that is filtered and sorted using different categories to create a smooth and easy user experience. Anyone can create and post NFTs on the market place. The MON token is a fundamental pillar of the platform as it is used as the default currency to buy/sell NFTs and for participating in the governance of the protocol.

EarnHub Storage Key Points

Coin BasicInformation
Coin NameEarnHub
Short NameEHB
Circulating SupplyN/A
Total Supply70,000,000,000
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

NFT Glossary

EarnHub means that units of a currency or commodity are alike and indistinguishable. Examples of fungible currencies are $1 bills, each of which is alike and represents the same value. On the other hand, non-fungible tokens represent unique assets whose value is independent from one another. For example, an NFT might represent a piece of unique digital artwork, a Mickey Mantle baseball card, or a share of physical North Carolina real estate.

Despite this difference, NFTs can be exchanged in the same manner as any other token on a crypto network. EarnHub The ability to represent unique assets greatly enhances the composability and functionality of crypto networks, since many real-world assets are non-fungible. In turn, this enables blockchains to support more flexible economies.

ERC721

Pioneered by Crypto Kitties, ERC721 was the first standard for representing non-fungible digital assets. ERC721 is an inheritable Solidity smart contract standard, meaning that developers can easily create new EarnHub-compliant contracts by importing it from the Open Zeppelin library (they have a helpful tutorial on creating your first ERC721 contract here). ERC721 is actually relatively simple it provides a mapping of unique identifiers (each of which represents a single asset) to addresses, which represent the owner of that identifier.

ERC721 also provides a permissioned way to transfer these assets, using the transfer From method. If you think about it, these two methods are really all you need to represent an NFT a way to check who owns what and a way to move things around. There are a few other bells and whistles to the standard (some of which turn out to be very important for NFT marketplaces), but the core of ERC721 is quite basic.

ERC1155

ERC1155, pioneered by the Enjin team, brings the idea of semi-fungibility to the NFT world. With ERC1155, IDs represent not single assets but classes of assets. For example, an ID might represent “swords”, and a wallet could own 1,000 of these swords. In this case, the balance Of method would return the number of swords owned by a wallet, and a user can transfer any number of these swords by calling transfer From with the “sword” ID. EarnHub One advantage of this type of system is efficiency. With ERC721, if a user wanted to transfer 1,000 swords, they would need to modify the smart contract’s state (by calling the transfer From method) for 1,000 unique tokens.

With ERC1155, the developer need only call transfer From with quantity 1,000 and perform a single transfer operation. EarnHub This increased efficiency, of course, comes with the loss of information. They can no longer trace the history of an individual sword. Note also that ERC1155 provides a super set of ERC721 functionality, meaning that an ERC721 asset could be built using ERC1155 (you’d simply have a separate ID and quantity 1 for each asset).

Due to these advantages, EarnHub recently witnessed the growing adoption of the ERC1155 standard. Open Sea recently developed a repository on Github for getting started with the ERC1155 standard.Anatomy of the ERC20, ERC721, and ERC1155 standards. ERC20 maps addresses to amounts, ERC721 maps unique IDs to owners, and ERC1155 has a nested mapping of IDs to owners to amounts.

Crypto Art

It uses blockchain technology to serve or create digital works of art. There are two different directions for the combination of blockchain and Art the first is the digitization and mapping of traditional works of art on the chain. EarnHub Blockchain technology is used to solve the problem of copyright and traceability of works of art, which belongs to the internal application of the industry. The other is the original encryption art based on the public chain. Such works are launched on the chain in the form of NFT token, and are curated, distributed and auctioned through the virtual space and trading platform of the public chain.

Royalty

All NFTs automatically pay royalties to their creators when they are sold. It’s still a developing concept, but it’s one of the most powerful. EarnHub Every time NFT is sold, the original owner of Euler beats origins gets an 5% royalty. Some platforms, such as foundation and Zora, support collecting royalties from their artists. IPFS is a distributed file system for storing and accessing files, websites, applications and data. Most NFT files such as pictures, music and videos are stored through IPFs protocol.

Nile
Nile
Nile Is Very Old Author At Wootfi Blog . We Loves To Write About Altcoin , ICO & Defi . In Free Time He Loves To Play Football .