What is token, what is cryptocurrency

Technically, “token” is just another word for “cryptocurrency” or “cryptoasset.” But increasingly it has taken on a couple of more specific meanings depending on context. The first is to describe all cryptocurrencies besides Bitcoin and Ethereum (even though they are technically also tokens). The second is to describe certain digital assets that run on top of another cryptocurrencies’ blockchain, as many decentralized finance (or DeFi) tokens do. Tokens have a huge range of potential functions, from helping make decentralized exchanges possible to selling rare items in video games. But they can all be traded or held like any other cryptocurrency.

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Insightful. Thanks mate

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This illustrates the diverse complexity of the concept of tokens in the cryptocurrency world, indicating their evolving meanings, multifaceted uses, and broad role in facilitating decentralized financial and economic operations. It spans from facilitating digital exchanges to the sale of rare items in video games. Thank you for this article.:heart:

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Insightful thread :100:

Thanks for sharing man

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good explanation mate

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superb contribution

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Well explained thanks

Thank you so much brother