What is a token?

Everything you need to know about these digital assets

Natalia avatar
Written by Natalia
Updated over a week ago

What is a token

A token is a cryptographic programmable digital unit that is recorded on a distributed ledger protocol (blockchain) and represents a certain value. A cryptocurrency, such as Bitcoin or Ether (ETH), is a native coin that uses its own platform, while most tokens are issued on existing platforms. The Ethereum platform uses ERC-20 standard tokens.

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