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
InterPlanetary File System (IPFS)
The InterPlanetary File System (IPFS) is a peer-to-peer network and distributed file system protocol for storing and transferring data.
Seed
A value used to initiate generation of pseudorandom number, ususally a string of 12 commen English words.
Faucet
A faucet usually represents a site or app where a user can navigate to for small rewards repeated over time.
Mempool
It is the abbreviation of Memory Pool. Set of unconfirmed transactions in a blockchain
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