Token: Difference between revisions
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* [[Digital currency]] | * [[Digital currency]] | ||
* [[Fiat currency]] | * [[Fiat currency]] | ||
* [[Fungible]] | |||
* [[Initial coin offering]] | * [[Initial coin offering]] | ||
* [[Intangible assets]] | * [[Intangible assets]] | ||
Revision as of 13:59, 2 August 2021
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.
