Token
Digital unit representing an asset or value on a blockchain.
Beginner-friendly explanation
A token is a digital asset created on a blockchain. It can represent money, a right, a game item, etc. Not all tokens are standalone cryptocurrencies. Example: A token can represent a concert ticket on a blockchain like Ethereum.
Intermediate-level insight
A token uses an existing blockchain’s infrastructure (e.g., Ethereum for ERC-20 tokens). It can be fungible (interchangeable) or non-fungible (NFT). Example: The DAI token is a fungible stablecoin issued on Ethereum.
Advanced perspective
Tokens play a key role in decentralized finance (DeFi), DAO governance, and virtual economies. They can be programmed with complex rights (access, voting, revenue sharing). Example: The UNI token allows holders to vote on Uniswap governance decisions.
Cryptocurrencies & Tokens
token, blockchain, digital asset, DeFi, NFT, fungible, non-fungible, governance, virtual economy