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What are Tokens

Tokens are digital assets created on a blockchain. They play a crucial role in decentralized applications (DApps) on platforms like Ethereum. Tokens can be used for governance, voting, and facilitating transactions within the DApp. Transactions are recorded on the blockchain, providing transparency and traceability.
Blockchain-based:
Built on robust blockchain networks, ensuring transparency, security, and decentralization.
Decentralized:
No central authority controls these tokens, fostering independence and trust.
Smart Contracts:
Utilizes smart contracts for automated processes, eliminating the need for intermediaries and enhancing functionality.
Digital Cash:
Cryptocurrencies function as digital cash, enabling secure and decentralized transactions. Notable examples include Bitcoin and Ethereum.
Utility Tokens:
Utility tokens provide access to specific features or services within a blockchain network. They are widely utilized for accessing decentralized applications (DApps), governance participation, staking, and more.
Non-Fungible Tokens (NFTs):
NFTs represent unique digital assets, gaining popularity in digital art, collectibles, and gaming. They ensure ownership and provenance on the blockchain, revolutionizing the concept of digital ownership.
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