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Definition

Token

On a ledger, a unit that a transaction can move and a rule can be written about. What one stands for is decided by the protocol that issues it, not by the word itself.

Industry term
Only means anything inside
Blockchain
See also
ABTFTNFTTransaction

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Articles

  • A Useful Token Must First Stand for Something of Real Value

    AI services already use credits to meter storage, compute, and API calls. As Agents begin to act across systems, the important work is not giving those units a fashionable name. It is making the rights, authority, and usage they represent possible to verify and reconcile.

  • 从 ArcBlock DevCon 2020 徽章谈起：什么是通证？

    作者： 冒志鸿（ArcBlock 首席执行官、首席架构师）、陈俊（ArcBlock 副总裁）<iframe height="540" src="https://v.qq.com/txp/iframe/player.html?vid=q31040dvtb4" frameborder="0" allow

Terms

  • Blockchain

    A distributed ledger that links records cryptographically and uses shared validation and consensus rules to establish an accepted transaction history.

  • Token

    A piece of text as the model counts it, usually shorter than a word. It is the unit a context window is measured in, which is why the same document can fit one model and not another.