Find answers and solutions for commonly seen errors and areas of confusion within our curated series of FAQ articles.
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A Non-Tradable Token (NTT) is a non-transferable network utility token that is issued on the default chain of the BSN Spartan Network. Each BSN Spartan data center has only one registered NTT wallet to manage and hold NTT, which can be purchased with fiat currency or designated stablecoins or acquired through incentive programs. NTT must be used to purchase Gas Credits on any NC Public Chain of the BSN Spartan Network. NTT can neither be traded nor transferred between data centers.
As a special Default Chain wallet, the NTT Wallet refers to the only wallet address owned by the Virtual Data Center Operator on the BSN Spartan Network, which can be used to purchase Gas Credits with NTT or receive NTT incentives.
In Spartan Non-Cryptocurrency Public Chains, a Wallet Address is a Gas Credit receiving address, which is a unique sequence of hexadecimal numbers.
A private key is a secret number that is used in cryptography, similar to a password. In cryptocurrency, private keys are also used to sign transactions and prove ownership of a blockchain address.
A Spartan Virtual Data Center is a set of locally installed software systems that contains one or more registered full nodes of different NC Public Chains. Each Virtual Data Center has one NTT wallet and is eligible to receive Node Establishment and Data Center Monthly Incentives.
In a similar fashion to cryptocurrencies, Gas Credits are used as a means of paying Gas fees on NC Public Chains. However, Gas Credits cannot be transferred between standard wallets. Only the Data Center Operator 's NTT wallet can be used to purchase Gas Credits with NTT.