Blockchain Language Used in Kryptomon
Common web3 Definitions that apply to Kryptomon
Last updated
Common web3 Definitions that apply to Kryptomon
Last updated
A blockchain is a shared, immutable ledger that stores information such as recording transactions and tracking assets in digital format. The data is stored in a block, that forms a chain as the asset moves from place to place or ownership changes hands. No one can alter the block once it is recorded.
Being a blockchain game, some transactions in Kryptomon require "gas" to be processed. Activities such as buying, breeding, or selling your Kryptomon will fail should you find yourself without enough Matic to pay as gas.
Since Kryptomon is running on the Polygon Network , the cryptocurrency you'll need for gas fees is known as Matic (ERC 20). Usually, gas fees are low even with higher traffic in the network.
A cryptocurrency or crypto is a form of digital asset that uses cryptography to secure transactions. Most cryptocurrencies use decentralized networks based on blockchain technology to record transactions and issue new units.
An NFT or Non-Fungible Token is a type of digital asset that can be verified using blockchain technology. An NFT using blockchain technology replaces the need for certificates of ownership. It marks the unique ownership of a product that you see online, like art, music, or in-game assets. It provides exclusive ownership of a property, making them unique collectibles.
