Utility Token
By CoinGecko | Updated on Mar 03, 2020
Utility-tokens represents the right to use a product or service offered by the utility token issuer as a means to circumvent the categorization as an investment vehicle.
Related Terms
Turing-Complete
A "turing complete" code or blockchain refers to the ability to read program-written codes.
Merkle Tree
A Merkle tree is also known as a hash tree in cryptography. It is a tree where every lead node is labelled with cryptographic hash of a data block, and every non-leaf node is labelled with the hash of the labels of its child nodes. It is used to verify of data stored within it and transferable in and between computers.
Token Burn
An event in which tokens are verifiably removed permanently removed from circulation.
Sharding
A form of database partitioning which breaks up data into smaller segments.
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