Token
A digital asset issued on an existing blockchain rather than having its own. Tokens can represent governance rights, access to a service, a claim on something, or nothing in particular.
Also called tokens · crypto token
A digital asset issued on an existing blockchain rather than having its own. Tokens can represent governance rights, access to a service, a claim on something, or nothing in particular.
Why it matters
What a token actually entitles the holder to varies enormously and is often narrower than marketing implies.
Related terms
- Smart Contract
- Tokenomics
- Altcoin
Keep reading
Layer 2
A network built on top of a base blockchain that processes transactions separately and…
Ethereum
A blockchain designed to run programs — smart contracts — as well as move…
Self-Custody
Holding your own keys rather than leaving assets with an exchange or custodian.
Blockchain
A shared record of transactions maintained by many independent computers, where each block of…
Whale
A holder large enough that their transactions can move a market on their own.
Bitcoin
The first cryptocurrency, launched in 2009, running on a proof-of-work blockchain with a supply…