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
Decryption
The process of decrypting data that was previously encrypted (made unreable) back to a readable form.
Cold Wallet
Wallets that are offline and require physical access to certain devices (eg. hardware wallet, paper wallets)
Bots
Refers to software or programmes that automatically trade based on preset behaviours.
Encryption
In cryptography, encryption is a process of encoding information the original form of information called plaintext via an algorithm called cipher. The encrypted message is now called ciphertext. Only authorized parties can decipher the ciphertext and convert back it to the original plaintext.
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