What is a token and what types exist?
Words like tokens and cryptocurrencies are arguably some of the most heard within blockchain technology . And they are a fundamental part of the construction of this ecosystem that is increasingly gaining strength. In today's article we tell you what types of tokens exist and how they differ from cryptocurrencies . If you are interested, keep reading. What is a token? In the world of blockchain, a token is a digital representation of a valuable object in a specific context. It is issued by a private entity and is only valid under this specific universe. Its operation is very similar to a miles plan within an airline. It is a good that does not exist physically, but that can be used if you want to purchase a plane ticket. The more miles you have, the better positioned you will be within the airline and the greater the possibility of routes you will have. In the crypto universe they are represented through pieces of code that contain interchangeable information and, therefore, provid...