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
Market Maker
Participant of the market who creates buy and orders
Block Explorer
Application or websites which display information such as status of transactions or data contained in a block of a given public blockchain network.
Leverage
It is an investment strategy to gain potential return of the investment by borrowing the money
Gas Limit
A term refers to the maximum amount of units of gas user's willingness to spend on a transaction on Ethereum blockchain.
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