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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.

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Related Terms

Decentralized
A system where there are no centralized points of failure or organization with no central authority figure.
Hey Hey Hey
A term made popular by Carlos Matos who was the spokesperson for the Bitconnect Ponzi. He used it frequently during Bitconnect events to rile up the crowd.
Difficulty
A relative measure on how difficult it is to correctly guess a new block
Seed
A value used to initiate generation of pseudorandom number, ususally a string of 12 commen English words.
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