logo

Token

Beginner

A token is a digital asset built on top of an existing blockchain that represents various things, such as currency, voting rights, in-game items, or access to services. There are different types of tokens, like utility tokens and security tokens, each with its specific use. They differ from coins in that they don’t have their own blockchain. Tokens play vital roles in decentralised finance (DeFi), non-fungible tokens (NFTs), gaming, and decentralised applications (dApps).

Related Words

Transaction Fee

Beginner

A transaction fee is paid to miners or validators for processing blockchain transactions. It ensures efficiency and network security. On Ethereum, the transaction fee is measured in gas.

logo
We accept
visa
mastercard

Our Certifications
aicpa.svgiso.svgcer.svghacken.svghashlock.svg
Community
twitter
telegram
facebook
instagram
youtube
linkedin
coingecko
coinmarketcap

Trading in Virtual Assets involves significant risk, including the potential loss of your entire capital. None of our communications are intended to provide investment, legal, or financial advice, nor to induce you to trade in such instruments. You should assess your risk tolerance and seek independent expert financial advice before trading. You must ensure that your use of BitDelta’s services complies with all applicable laws and regulations, as further detailed in our Terms and Conditions. Please carefully review our Terms and Conditions, Risk Disclosure Statements, and Security and Privacy Policies to understand the risks involved and the limitations on our liability before using our services.​
Version 8.0.14