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What Is a Blockchain Token?

Tokens could outsource their ownership accounting systems, attaching them to preexisting blockchain ledgers.

People are just becoming acquainted with the idea of digital money in the form of cryptocurrencies such as bitcoin, where transactions are recorded on a secure distributed database called a blockchain. And now along comes a new concept: the blockchain-based token, which I’ve been following as a blockchain researcher and teacher of courses about cryptocurrency and blockchain tokens. […]