Token
By CoinGecko | Updated on Mar 03, 2020
Tokens and coins are often erroneously regarded as interchangable terms. However, while both tokens and coins share technical similarity, tokens are ussually built atop a smart contract platform and is issued en-masse during its inception. Tokens grants its holders the right to take part in the issuing parties' network or product.
Related Terms
Whitelist
List of approved participants that will be given access to a token sale (ICO, IEO, STO etc...)
Algorithm
Algorithm is a set of rules to follow to solve a problem or conduct a task.
Byzantine Fault
A byzantine fault is where an error has occured, yet a computer system does not know due which component/what failed to the lack of information and continues to iterate on a given instruction.
Off-chain
It refers to transactions occuring outside the blockchain and executed instantly.
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