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Oct 29, 2022 · Token. It is basically a sequence of characters that are treated as a unit as it cannot be further broken down.
“Token” is a word that you hear a lot in cryptocurrency. In fact, you might hear Bitcoin described as a “crypto token” or something similar, because — technically — all cryptoassets can also be described as tokens.
a piece of paper, a card, or an electronic document with a particular amount of money shown on it that can be exchanged in a shop or online for goods of that value: a £20 record token. He always bought me tokens for a department store for my birthday.
The meaning of TOKEN is a piece resembling a coin issued for use (as for fare on a bus) by a particular group on specified terms. How to use token in a sentence. Synonym Discussion of Token.
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Apr 22, 2024 · A crypto token is a representation of an asset or interest that has been tokenized on an existing cryptocurrency's blockchain. Crypto tokens and cryptocurrencies share many similarities, but...
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noun. something serving to represent or indicate some fact, event, feeling, etc.; sign: Black is a token of mourning. a characteristic indication or mark of something; evidence or proof: Malnutrition is a token of poverty. a memento; souvenir; keepsake: The seashell was a token of their trip.
a piece of paper that you can collect when you buy a particular product and then exchange for something. Collect six tokens for a free T-shirt. something that is a symbol of a feeling, a fact, an event, etc. synonym expression, mark.
Oct 23, 2021 · While the words "coin" and "token" are often used interchangeably, they are distinct types of assets. The most significant difference between a coin and a token is where they operate. Coins are units that are native to the blockchain they're built on.
