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Tara

Tokens

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This is more of a question, and sorry if it's not in the right section.

 

I've seen talk a about "tokens" but I'm not sure what it exactly means  - is it a currency,  or?

I'm fairly new to the world of cryptocurrency considering, I've only this year been dabbling in it, but I don't know all the ins and outs yet. 😛 anyone wanna tutor me? Lol.

 

Thanks in advance for info about tokens and things! :D

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Hello Tara,

most often a token is based on an already existing blockchain. For example the ERC20 is based on the Ethereum blockchain.

The difference with a "coin" is that the owner/creator of the token will have to pay the transactions of his all his tokens on the main blockchain.

The best guide to know everything about tokens is there imho : https://www.bitdegree.org/tutorials/token-vs-coin/

Hope it help :)

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