Token: definition and meaning
A token is a digital asset created on top of an existing blockchain, as opposed to a coin that has its own chain.
Why it matters
Tokens can represent anything from governance rights to in-game items, and quality varies enormously.
Related terms
- Altcoin
An altcoin is any cryptocurrency other than Bitcoin. The word is short for "alternative co… - Smart contract
A smart contract is a program stored on a blockchain that runs automatically when its cond…
Guides that explain more
Educational content only, not financial advice.