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> The specific representation (the part that has value) is protected by elliptic curve cryptography. I don't think calling this "protected" is reasonable. You
by creshal 6y ago
> The specific representation (the part that has value) is protected by elliptic curve cryptography.
I don't think calling this "protected" is reasonable. You have some very weak guarantees that apply to one particular NFT platform, but this doesn't include being protected against fraud by the platform operators themselves, who can run a 51% attack whenever they want.
(And in case of Ethereum, have demonstrated their willingness of doing so whenever smart contract results prove to be inconvenient to investors.)
What do you gain over running a digital auction house on a RasPi? It'll be a lot cheaper to operate and is at no risk of having its underlying platform banned from multiple countries.