Token

In the context of blockchain technology, a token typically denotes a unit of value representing a programmable asset managed by a smart contract on a distributed ledger. Tokens serve as the primary medium for transferring and storing value within a blockchain network, with platforms like Ethereum being prominent examples. These tokens can possess fungible or non-fungible attributes, and they find versatile applications ranging from basic transactions to more intricate functions such as on-chain governance and network maintenance.