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
Wallet Address
The address in which cryptocurrency can be stored, sent to and receive.
Goblin Town
A term used to describe the market's persistent downtrend, synonymous with "bear market".
Ethereum Virtual Machine (EVM)
Ethereum Virtual Machine (EVM) is the environment in which all smart contracts are executed.
Seed
A value used to initiate generation of pseudorandom number, ususally a string of 12 commen English words.
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