Token
By CoinGecko | Updated on Mar 03, 2020
Tokens and coins are often erroneously regarded as interchangable terms. However, while both tokens and coins share technical similarity, tokens are ussually built atop a smart contract platform and is issued en-masse during its inception. Tokens grants its holders the right to take part in the issuing parties' network or product.
Related Terms
Bounty
Public tasks available for anyone for a reward
Composability
Composability refers to the ability to combine different components of a software stack.
Centralized
An organization structure wherein a small handful of actors have control over the entire network.
Distributed Ledger Technology (DLT)
Describes the technology that enables distributed ledger.
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