token

Phonetic: /ˈtoʊkən/

Part of Speech: noun

Category: To be determined

A token represents an asset issued on an existing blockchain; the transfer of tokens and the addresses that currently hold them are the subject of the network’s consensus activities. There are many types of tokens; see also ‘ERC-20’ and ‘ERC-721’ entries.

Definition source: Consensys Software Inc., A Blockchain Glossary for Beginners

Sample sentence

N/A

Additional definitions

Tokens (not to be confused with coins) are digital units issued on a blockchain. They can hold value or be redeemed for assets.

Source

A digitally transferable asset.

Source

If referencing POAP(s), just say POAP(s) or digital collectibles

Source

Extended definition

No extended definition. ...yet

This word came from... the ether

Date first recorded: 2025-01-31

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