Cryptocurrency Q&A
What are tokens on the blockchain?
What are tokens on the blockchain?
MysterylitRapture
Mon Dec 02 2024
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7 answers
1223
I'm trying to understand the concept of tokens on the blockchain. I've heard they are digital assets that can represent a variety of things, but I'm not sure how they work or what they are exactly.
7 answers
KimonoSerenity
Wed Dec 04 2024
They also have the potential to serve an economic purpose.
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EchoChaser
Wed Dec 04 2024
In some instances, crypto tokens are akin to legal tender.
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KatanaGlory
Wed Dec 04 2024
However, it's important to note that tokens are not legal tender.
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Caterina
Wed Dec 04 2024
Crypto tokens primarily serve to facilitate transactions on a blockchain.
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SamuraiBrave
Wed Dec 04 2024
Token holders can still use them to make purchases or trades.
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