Crypto Literacy from EverClub present: What is a crypto tok | EverClub Worldwide Channel

Crypto Literacy from EverClub present:

What is a crypto token?

One of the main differences between tokens and crypto coins is that a token does not have its own blockchain.

Unlike cryptocurrencies, tokens can be issued either centrally (controlled by one organization) or decentralized (controlled by a predetermined algorithm).

Transactions can also be processed and accepted centrally (all servers are controlled by a single organization). The price of tokens may not only depend on the balance of supply and demand, but also on additional aspects (binding to an external asset, conditional rules of issuance or remuneration).

There is a definition of what a token is: it is a unit of accounting that is used to represent a digital balance in some asset. Tokens are recorded in a database based on blockchain technology, and are accessed through special applications using electronic signature schemes.

Learn, grow, and earn with EverClub!

More useful information on the website: https://everclub.io/