Category: Smart Contracts

What is Token?

Summary Definition: A digital asset created via a smart contract on top of an existing Layer 1 blockchain.

Detailed Technical Explanation

Unlike native coins, tokens do not maintain their own blockchain; they exist as internal state balances within a smart contract (e.g. ERC-20 tokens on Ethereum).

Educational Notice: Technical definitions on CoinAd.in are maintained to help developers, students, and engineers understand decentralized computing concepts accurately.

Related Smart Contracts Terms

Oracle

A bridge service that feeds external real-world data into blockchain smart contracts.

Smart Contract

A self-executing software program deployed to a blockchain that runs deterministically.

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