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
Hot Wallet
It is a tool that store your cryptocurrencies and always connected to internet
Central Ledger
Central data repository of a company or bank
Distributed Denial of Service (DDoS) Attack
A common cyber-attack tactic where a perpetrator diverts large amounts of traffic towards a particular network or service in an effort to disrupt normal services.
Hashrate
Total processing power of a blockchain or what is the same, are the amount of hash values that can be made in a period of time.
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