βοΈBlockchain and Currencies
The essentials of blockchain literacy.
What blockchains do you support?
RareCircles is currently built to support Ethereum and Polygon.
How does the blockchain work?
Blockchains consist of individual data records (called blocks) that can record just about any data, including an NFT.
Each block contains a unique code called a hash, linked to the block before it, creating an unbreakable chain. Because of those links, and because the data is βdistributed,β (i.e., dispersed among all users of the blockchain), itβs essentially tamper-proof.
That means that a buyerβs stamp of ownership is permanent, and so is the identity of the NFTβs creator.
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