Token: Difference between revisions
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* [[Cryptography]] | * [[Cryptography]] | ||
* [[Currency]] | * [[Currency]] | ||
* [[Digital currency]] | |||
* [[Fiat currency]] | * [[Fiat currency]] | ||
* [[Initial coin offering]] | * [[Initial coin offering]] | ||
Revision as of 08:00, 29 July 2020
1. Currency - money.
An object - such as a coin, banknote or digital equivalent - whose validity can be identified.
Invalid tokens include counterfeit physical currency.
Invalid physical tokens are ones that have already been spent.
The alternative to token-based money systems is an account-based system.
2. Authentication.
A physical item held by a user of a security system, as an element of identifying them and confirming their authority to use the system.
