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What Are Crypto Tokens & How Crypto Tokens Work?


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This is a brief study on what are Crypto Tokens & how crypto tokens work.

Published in: Economy & Finance
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What Are Crypto Tokens & How Crypto Tokens Work?

  1. 1. What Are Crypto Tokens & How CryptoTokens Work?
  2. 2. INTRODUCTION • Crypto tokens are a new way to design open networks that arose from the cryptocurrency movement that began with the introduction of Bitcoin in 2008 and accelerated with the introduction of Ethereum in 2014. • Crypto Tokens are created over an Initial Coin Offering (ICO). • Tokens are in fact a breakthrough in open network design that enables: o the creation of open, decentralized networks that combine the best architectural properties of open and proprietary networks, and o new ways to incentivize open network participants, including users, developers, investors, and service providers. • By enabling the development of new open networks, tokens could help reverse the centralization of the internet, thereby keeping it accessible, vibrant and fair, and resulting in greater innovation. Copyright © BlockchainCouncil 2
  3. 3. How do Crypto tokens work? • Each cryptocurrency token embodies a tradable good. This can be for example coins, points, certificates, in-game items, etc. • This means that crypto tokens can be used to represent a share in a company or can be used as central committee voting rights. • They are often used to raise funds in a crowdsale. That is why many people refer to them as cryptocurrency assets or crypto assets and crypto equity. • The developers of a specific digital token can decide to publish their token on a cryptocurrency exchange. • This way users are able to buy and sell the token the initial coin offering has finished. Copyright © ToshendraSharma 3 Sign Up Now
  4. 4. • Tokens created by the Ethereum Code can get frozen in case something happens – a hack or a government regulation. • This means that no cryptocurrency tokens are movable until the unfreezing happens. Copyright © ToshendraSharma 4 Sign Up Now
  5. 5. Conclusion • Crypto tokens are currently niche and controversial. • If present trends continue, they will soon be seen as a breakthrough in the design and development of open networks. • This is possible by combining the societal benefits of open protocols with the financial and architectural benefits of proprietary networks. • They are also an extremely promising development for those hoping to keep the internet accessible to entrepreneurs, developers, and other independent creators. Copyright © ToshendraSharma 5 Sign Up Now
  6. 6. OUR CONTACT DETAILS @chaincouncil WEBSITE: EMAIL: THANKYOUFOR YOURTIME Copyright © BlockchainCouncil 6 Blockchain CouncilComPany: Sign Up Now