What Is Token?

A token in blockchains and decentralised finance represents an on-chain asset.

Tokens can be

• Fungible tokens: assets like crytocurrencies, stablecoins

• Non-fungible tokens (NFTS), like tokenised pictures and video game items

ERC-20 is the most popular technical token standard.

See also

• Decentralised finance

• On-chain

• Wallet