Definition ∞ Tokens are digital units of value or utility that are issued on a blockchain and represent an asset, a right, or access to a service. They can be fungible, meaning each unit is interchangeable, or non-fungible, with each token being unique. Tokens facilitate a wide array of applications, from financial transactions to digital collectibles.
Context ∞ The current discourse surrounding tokens often involves their classification under existing securities laws, their utility within decentralized ecosystems, and the emergence of new token standards that enable novel functionalities. News frequently reports on initial token offerings (ITOs), the valuation of different token categories, and the ongoing debates regarding the regulatory treatment of various token types.
Blockchain Knowledge
Cryptocurrency Foundation
Cryptospace Newsfeed
