Utility Token
By CoinGecko | Updated on Mar 03, 2020
Utility-tokens represents the right to use a product or service offered by the utility token issuer as a means to circumvent the categorization as an investment vehicle.
Related Terms
Open Source
Open-source software is a type of software released under a license in which the copyright holder grants users the rights to study, change, and distribute the software to anyone and for any purpose.
Block Height
A number that is used to indicated the position of a particular block within a blockchain
Unspent Transaction Output
(abbv. "UTXO") Coins that are unspent in the wallet. UTXO virtually represents the cryptocurrency one own in the wallet.
Decentralized Autonomous Organization (DAO)
Open source and decentralized systems that do not require centralized operators or controllers.
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