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
Satoshi Nakamoto
The pseudoym used in publishing the Bitcoin Whitepaper. Identity is unknown.
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.
Hard Fork
It is a permanent divergence of a blockchain into two blockhains. The original blockchain does not recognize the new version.
Token
Blockchain based unit of value issued by an organization, which grants token holders a right to participate in a network.
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