Token
A digital asset issued on an existing blockchain, often representing value, rights, access, or unique ownership.
A token is a blockchain-based asset created by a contract, protocol, or token standard rather than by the base chain's native issuance rules. Tokens can be fungible, like stablecoins, or non-fungible, like unique collectibles.
Tokens can represent payment units, governance votes, claims on real-world assets, loyalty points, gaming items, or application access. The token's meaning depends on its rules, issuer, and surrounding legal or technical agreements.
Token standards define how wallets and apps read balances, transfer assets, and display metadata. Examples include ERC-20 and ERC-721 on Ethereum-style chains and CashTokens on Bitcoin Cash.
All terms and definitions may update as the Cryptionary improves.
