Many cryptocurrency investors often get confused by the Chinese concept of Token, thinking that Token and Coin are the same thing. In fact, they have fundamental differences in technical architecture and investment attributes. With the explosion of the Ethereum ecosystem, the concept of Token has gradually gained attention, but in the Chinese context, both are translated as "代幣" (tokens), which actually deepens the confusion. This article will delve into the true identity of Tokens to help you quickly grasp this important concept.
What exactly is a Token in Chinese? A three-minute guide to understanding the core definition of a token
Token is usually translated into Chinese as pass, token, or digital token. It is a type of digital asset operating on an existing blockchain, representing specific rights, certificates, or values, and can be traded, transferred, and exchanged.
The earliest cryptocurrencies, represented by Bitcoin, Litecoin, and Dogecoin, are all called Coins. Until 2015