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Introduction to Tokens
Tokens are a form of digital currency that uses cryptographic technology to ensure transaction security and control the issuance of new units. Here are some basic facts about Tokens:
Trustlessness: Transactions with Tokens do not require the involvement of third-party institutions, achieving a trustless transaction environment through blockchain technology.
Blockchain Technology: Tokens utilize blockchain technology to record transactions, ensuring their security and immutability.
Consensus Algorithms: Tokens employ consensus algorithms to ensure the security and consistency of the blockchain, with common algorithms including Proof of Work (PoW) and Proof of Stake (PoS).
Token: The Tokens in the ecosystem are state variables defined within the blockchain that can be transferred between different addresses on the blockchain.
Smart Futures: Smart Futures in Tokens are automatically executed programs that can implement complex trading logic.
Public Chains, Consortium Chains, and Private Chains: Tokens can utilize public chains, consortium chains, or private chains to achieve different application scenarios.
Tokens Terminology: Understanding basic terms related to Tokens, such as HODL, moon, altcoin, etc., can help you better navigate the world of Tokens.
This information provides the fundamental concepts and technical basis of Tokens, helping you understand how Tokens work and their application scenarios.
