The ERC-721 is a standard protocol for creating NFTs (Non-Fungible Tokens) on the Ethereum blockchain. Unlike tokens created by ERC-20, NFTs are unique, non-fungible, and indivisible. Smart Contracts developed using the ERC-721 standard enable the exchange, identification, and other functionalities related to NFTs.« Back to Glossary Index
Scalability is the capacity of any system to grow and adapt when the demand increases. If the demand grows and the system responds properly maintaining the efficiency, then the system is scalable. This concept is crucial in informatic applications, databases and logistic systems.
Open-source refers to a program or software that is publicly available. This collaborative approach allows anyone outside the project to access, view, modify, and contribute new ideas to the code. As a result, open-source code is free and available for anyone. In exchange, a much larger audience is able to review and improve the code.